Thursday, May 13, 2010

Coalition Government: David Cameron Announces Pay Cut for Ministers

THE TELEGRAPH: David Cameron has announced that all ministers in his coalition Government have agreed to a five per cent pay cut and a further pay freeze for the rest of this Parliament.

For Mr Cameron, the cut means he will receive a salary of £142,500 - £7,500 less than the £150,000 Gordon Brown was receiving when he left office.

The salaries for other Cabinet ministers will be cut from £141,647 to £134,565, while the pay for a junior minister in the Commons will be reduced from £94,142 to £89,435.

No 10 estimates that the reductions will save £300,000 this year and around £3 million over the lifetime of the Parliament. >>> | Thursday, May 13, 2010