Now that Rishi Sunak has switched positions, Keir Starmer will take over as prime minister. Labour's triumph, with 410 seats secured, is the biggest since Tony Blair's landslide in 1997. The enormous responsibility of changing the political landscape of the UK falls to the new prime minister. There are a lot of demands and challenges associated with this career.
 
THE PRICE TAG OF LEADERSHIP
Since interest is raised, many people are curious about the salary that comes with such a significant responsibility. The prime minister is entitled to a salary of £172,153 (around Rs 1.8 crore) every year, as per the UK Parliament. This is the summary: £91,346 (Rs 97 lakh) as an mp and £80,807 (Rs 86 lakh) for the PM position (updated as of april 1, 2024).

It may seem glamorous, but the pay isn't exactly gold. According to the house of Commons, only £75,440 (around Rs 80 lakh) of the total is claimed. Indeed, just like everyone else, PMs have to pay taxes!

It's interesting to note that the history of PM salary reflects a narrative of mixed fortunes. William Pitt got £10,500 a year in the eighteenth century. In the twentieth century, the Marquess of Salisbury earned £5,000 a year, or half a million pounds.
 
POST-PREMIERSHIP PERKS:
After you leave the office, what happens next? Following Margaret Thatcher's leadership, the Public Duty Costs Allowance (PDCA) was created, enabling former prime ministers to claim up to £115,000 per year for required secretarial and office expenditures. It serves as a safety net for living in the spotlight.
 


 
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G GOWTHAM

08/07/2024 12:21 PM