For a great article about how an MP's pay stacks up against the average, check out this article.
http://news.bbc.co.uk/1/hi/magazine/8072031.stm
To summarise,
after tax and benefits the average individuals income is £390 a week, £1690 a month or £20280 a year.
How do MP's compare?
if you take their expenses alone (£300 per week or £1300 a month, £15600 a year) - they are better off than 30% of the population. If you take their income alone (£820 a week or £3500 a month or £42600 a year), they are better off than 91% of the population. If you add expenses and income together (1120 a week or £4800 a month or £58240 a year after tax) , they are better off than 96% of the population.
are MP's badly paid? Not according to these figures.
Thursday, 28 May 2009
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