• iconNews
  • videos
  • entertainment
  • Home
  • News
    • UK News
    • US News
    • Australia
    • Ireland
    • World News
    • Weird News
    • Viral News
    • Sport
    • Technology
    • Science
    • True Crime
    • Travel
  • Entertainment
    • Celebrity
    • TV & Film
    • Netflix
    • Music
    • Gaming
    • TikTok
  • LAD Originals
    • Say Maaate to a Mate
    • Daily Ladness
    • Lad Files
    • UOKM8?
    • FreeToBe
    • Extinct
    • Citizen Reef
  • Advertise
  • Terms
  • Privacy & Cookies
  • LADbible Group
  • UNILAD
  • SPORTbible
  • GAMINGbible
  • Tyla
  • UNILAD Tech
  • FOODbible
  • License Our Content
  • About Us & Contact
  • Jobs
  • Latest
  • Topics A-Z
  • Authors
Facebook
Instagram
X
Threads
Snapchat
TikTok
YouTube

LAD Entertainment

YouTube

LAD Stories

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

Home> News

Updated 16:36 20 Oct 2022 GMT+1Published 16:31 20 Oct 2022 GMT+1

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

Liz Truss is leaving Downing Street but she can get up to £115,000 every year for the rest of her life once she's gone

Joe Harker

Joe Harker

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

Topics: UK News, Money, Politics

Joe Harker
Joe Harker

Joe graduated from the University of Salford with a degree in Journalism and worked for Reach before joining the LADbible Group. When not writing he enjoys the nerdier things in life like painting wargaming miniatures and chatting with other nerds on the internet. He's also spent a few years coaching fencing. Contact him via [email protected]

X

@MrJoeHarker

Advert

Advert

Advert

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'.

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.

Advert

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.
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.

Advert

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.
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.

Advert

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.

Choose your content:

an hour ago
2 hours ago
16 hours ago
  • an hour ago

    Donald Trump issues update on ‘monumental damage’ done to nuclear sites in Iran after US bombing

    US President Donald Trump has provided an update after America launched a missile strike on Iran’s underground nuclear facilities

    News
  • 2 hours ago

    Documents released reveal one place in UK people would be safe if WW3 erupted

    Documents suggest that the plot was purchased before WW2 and is tucked away in a thick forest

    News
  • 2 hours ago

    Strict rules revealed as GPs start to prescribe weight loss drug Mounjaro from today

    It is expected that very few people will qualify at first

    News
  • 16 hours ago

    British tourist left fighting for her life after catching deadly lung disease on all-inclusive holiday

    Donna Jobling was placed in a medically induced coma 11 days ago after her holiday to Crete took a tragic turn

    News
  • Liz Truss storms off stage after being victim to humiliating prank during event
  • Met Office issues unprecedented 46 degrees extreme weather warning to Brits
  • Evri driver explains how much he makes per delivery leaving people stunned
  • Professional truck driver revealed payslip sharing surprise amount he earns a year