After Rishi Sunak's defeat, Keir Starmer assumes UK Prime Minister role; what's his salary?
In the recent United Kingdom general elections, the Labour Party led by Keir Starmer emerged victorious over the Conservative Party led by Prime Minister Rishi Sunak.?Keir Starmer is set to assume the role of Prime Minister, swapping positions with Rishi Sunak. Labour's acquisition of 410 seats marks their most substantial victory since Tony Blair's landslide in 1997.
The newly elected PM will now shoulder the monumental task of reshaping the UK's political landscape, a role laden with significant challenges and high expectations.
What is the salary of the UK's PM?
A high post that comes with bucket loads of responsibility definitely warrants a fat paycheck as well, right? Do you know what is the salary of the Prime Minister of the United Kingdom.?
According to the UK Parliament, the Prime Minister receives an annual salary of ?172,153, which is approximately Rs 1.8 crore. This includes ?80,807 for the PM role and an additional ?91,346 as an MP, revised as of April 1, 2024.
Surprisingly, the glorious position doesn¡¯t come along with a deep pocket. Out of Rs 1.8 crore compensation, only ?75,440 (Rs 80 lakh) is claimed, as per the House of Commons. Just like everyone else, the PM also pays taxes!
Numerous perks are also associated with the position of Prime Minister. For instance, the PM has access to the Chequers country estate, other official residences, government quarters at 10 Downing Street, as well as use of automobiles and aircraft for travel.
Also Read:?UK PM Rishi Sunak's Net Worth: Know All About His Lifestyle, Mansions, Cars Collection And More
Perks and benefits post tenure
After leaving office, former UK Prime Ministers can benefit from the Public Duty Costs Allowance (PDCA), introduced after Margaret Thatcher's tenure. This allowance permits ex-PMs to claim up to ?115,000 (Rs 1.2 crore approx) annually for essential office and secretarial expenses. It serves as a support system as they continue to maintain a public presence beyond their time in office.
For the departing PM Rishi Sunak, this amount could seem insignificant as he and his wife Akshata Murty are estimated to have a net worth of? ?651 million (Rs 6,968 crore approx) according to the latest Sunday Times Rich List. This makes them wealthier than even the King of England himself.
Also Read:?How Much Is Rishi Sunak's Net Worth? UK PM Outshines King Charles In Latest 2024 Rich List
