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Liz Truss entitled to £115K per year after leaving office

Joe Harker

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Liz Truss entitled to £115K per year after leaving office

Liz Truss has announced she's resigning as prime minister after only 44 days in the job, but since she got to be PM for a bit she'll be able to claim loads of money each year if she wants.

While some say it was her disastrous economic policies and her later attempts to u-turn away from them which resulted in her resignation, it's no coincidence that she made her announcement after she lost the confidence of Dick & Dom and H from Steps.

All eyes turn to what happens now, with Truss promising in her resignation speech that a new Tory leader would be in Downing Street 'within a week'.

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As for what happens to Truss now, she'll get to continue being an MP and it'll be up to the new prime minister whether to give her a cabinet position or not.

Meanwhile, on the financial front she should be set for life as being prime minister, albeit very briefly, means she can claim up to £115,000 a year for expenses if she really wants to.

That's all thanks to a little something called the Public Duties Cost Allowance (PDCA) which allows ex-prime ministers to claim money back to cover expenses in their life after Downing Street.

Liz Truss announced her resignation as prime minister. Credit: PA Images/Alamy Stock Photo
Liz Truss announced her resignation as prime minister. Credit: PA Images/Alamy Stock Photo

Set up in 1991 after the departure of Margaret Thatcher, the PDCA is something former prime ministers have drawn plenty of money from over the years.

If the record of her predecessors is anything to go by then Truss will probably dip into the allowance a bit herself.

National World reports that in the 2020/21 financial year, four of the five ex-PMs at the time claimed back over £100,000 in the year.

Sir John Major and Tony Blair both claimed the maximum amount of £115,000 in the year, while Gordon Brown claimed £114,712 and David Cameron took £113,423.

The only prime minister not to claim close to the upper limit of £115,000 was Theresa May, who claimed £57,832 on top of the MPs salary she also received for sticking to her day job in the Commons.

Former prime ministers who aren't serving as leader of the opposition can claim up to £115k a year. Credit: Gavin Rodgers/Alamy Stock Photo
Former prime ministers who aren't serving as leader of the opposition can claim up to £115k a year. Credit: Gavin Rodgers/Alamy Stock Photo

Given the perilous state the Tory party is in it's very possible that Truss' replacement could end up not lasting very long at all and also being able to claim the allowance.

It could depend on how long there is until the next general election, with the next PM under no obligation to bring the date of the next vote forwards by a couple of years.

Then again, since Boris Johnson is one of those ex-prime ministers and also able to claim the allowance if he gets back in as he's planning to that'll be one less person able to dip into the funds.

Featured Image Credit: Allstar Picture Library Ltd/Mark Thomas/Alamy

Topics: UK News, Money, Politics

Joe Harker
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