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Home » Liz Truss in line for £18,000 ‘golden goodbye’ if she is forced out

Liz Truss in line for £18,000 ‘golden goodbye’ if she is forced out

October 19, 20229 Mins Read United Kingdom
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Liz Truss would be line for a “golden goodbye” of more than £18,000 if she is forced out of office or resigns under government rules.

All government ministers are entitled to a quarter of their annual salary as a lump sum if they quit or leave office – with no minimum qualifying period in office.

The rule means that if the prime minister is successfully challenged she will be entitled to the cash, even if Tory MPs swiftly decide that appointing her was a mistake.

Conservative MPs are openly calling for the PM to go after just a month in office, with one apparently obliquely referring to her premiership as a “dumpster fire”.

The PM was forced to sack her first chancellor Kwasi Kwarteng for implementing a budget largely composed of her own leadership election pledges – after it sent financial markets haywire and interest rates soaring.

Mr Kwarteng himself was been urged to reject a similar payout, which he is entitled to despite being in the job for just a month.

As an outgoing chancellor he could claim £16,876 in leverage pay – which more than double the amount he was actually paid in salary during his short tenure.

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British Prime Minister Liz Truss, who has not been seen in days, leaves the back of Downing Street after a meeting with Office For Budget Responsibility following the release of her government’s mini-budget

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Crowds line the Royal Mile, Edinburgh, as King Charles III joins a procession from the Palace of Holyroodhouse to St Giles’ Cathedral following the coffin of Queen Elizabeth II

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Britain’s Prince William, Prince of Wales, Britain’s Catherine, Princess of Wales, Britain’s Prince Harry, Duke of Sussex, Britain’s Meghan, Duchess of Sussex, wave at well-wishers on the Long walk at Windsor Castle

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King Charles III and Camilla, Queen Consort wave after viewing floral tributes to the late Queen Elizabeth II outside Buckingham Palace

Getty

A screen commemorating Britain’s Queen Elizabeth II in Piccadilly Circus, London Britain

EPA

Police officers stand guard after Animal Rebellion activists threw paint on the walls and road outside the Houses of Parliament in protest, in London, Britain

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Visitors at the PoliNations garden in Victoria Square, Birmingham, which is made up of five 40ft high tree installations and over 6,000 plants. The PoliNations programme aims to explore how migration and cross-pollination have shaped the UK’s gardens and culture

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Undergraduates at the University of St Andrews take part in the traditional Pier Walk along the harbour walls of St Andrews before the start of the new academic year

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SNP MP David Linden, who represents Glasgow East, urged the former Treasury boss to “do the right thing and refuse to accept the Ministerial severance payment”.

In the summer, when ministers resigned from Boris Johnson’s cabinet en masse, they racked up total entitlements of more than £200,000 in severance pay – though some said they would not take it.

The prime minister is paid a total of £164,080 a year, of which £79,936 is for their role as PM and the rest as an MP.

Boris Johnson was also in line for the payout, and urged not to take it.

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