ADVERTISEMENT

The richest MPs in Britain based on income

The register of interests shows that ten of the 11 highest earning MPs are Conservatives, with only two being women.

null

LONDON — The latest register of members of parliament's financial interests shows that all 11 of the highest earning backbench MPs are Conservatives, and only two are women.

ADVERTISEMENT

All MPs earn a basic salary of £74,000 a year, with extra pay for those with other responsibilities such as ministers and the chairs of parliamentary committees.

However, many backbench MPs also earn additional money through directorships on private companies, appearance fees, and other non-parliamentary work.

The rankings below have been calculated by adding yearly salaries to any additional payments declared on the register over the past 12 months.

ADVERTISEMENT

13. Sir Henry Bellingham (Conservative): £108,000, mostly as a non-executive chairman of a mining company

Constituency:

Income sources:

• Non-executive director of Developing Markets Associates Ltd, a global consultancy and investment conference organiser.

Non-executive Chairman of Pathfinder Minerals PLC, an AIM listed mining company.

ADVERTISEMENT

Senior adviser to J. Stern & Co. LLP, a fund management company.

12. Owen Paterson (Conservative): £116,395.06, mostly as a consultant

Constituency: North Shropshire

Income sources:

Consultant to Randox Laboratories Ltd, a clinical diagnostics company.

ADVERTISEMENT

Consultant to Lynn’s Country Foods Ltd, a processor and distributor of sausages.

Speech given to the Northern Ireland Meat Exporters Association Ltd.

11. Fiona Bruce (Conservative): £147,046.84 from her work as a solicitor

Constituency: Congleton

Income sources:

ADVERTISEMENT

Fiona Bruce and Co LLP; solicitors practice.

10. Cabinet members: £142,467

Constituency: Various

Income sources:

MP's salary of £74,962.

ADVERTISEMENT

Cabinet minister's salary of £67,505.

Members of the cabinet, such as Michael Gove, Boris Johnson, Andrea Leadsom and Amber Rudd, receive additional salary, but are prohibited from taking on external directorships. More junior minister also receive a lower additional salary.

9. Theresa May (Conservative): £150,402

Constituency: Maidenhead

Income sources:

ADVERTISEMENT

MP's salary of £74,962

Prime Minister's salary of £75,440

8. Andrew Mitchell (Conservative): £158,110, earned through advisory roles

Party: Conservatives

Constituency:

ADVERTISEMENT

Income sources:

Senior adviser to Investec

Senior adviser to Montrose Associates

Consultant with Ernst & Young

Senior adviser to UK Global Health Care Ltd

ADVERTISEMENT

ewspaper articles.

7. Jacob Rees-Mogg (Conservative): £177,745.24, mainly from being a partner in Somerset Capital Management

Constituency: North East Somerset

Income Sources:

• Partner in Somerset Capital Management LLP.

ADVERTISEMENT

• Appearances on the BBC.

• Newspaper articles.

6. John Redwood (Conservative): £196,097.19, mainly from board roles

Constituency:

Income sources:

ADVERTISEMENT

Member of the Advisory Board of EPIC Private Equity.

Chairman of Investment Committee of Charles Stanley, an investment bank and stockbrokers.

Newspaper articles.

Public speaking appearances.

5. Nadine Dorries MP (Conservative): £224,000 from book deals

ADVERTISEMENT

Constituency:

Income sources:

Book deals with Head of Zeus publishing, the first of which was for "The Four Streets".

4. Sir Nicholas Soames (Conservative): £244,693.27, from advisory roles

Constituency: Mid Sussex

ADVERTISEMENT

Income sources:

Senior adviser on strategic issues to Intrepid Capital Partners.

Non-executive senior adviser at GardaWorld, formerly AEGIS Defence Services Limited, a private security and military company.

Senior adviser at MMC Group, insurance and related financial services.

Non-executive director of Aggregated Micro Power plc, renewable energy investment business.

ADVERTISEMENT

Public speaking appearances.

3. Kenneth Clarke (Conservative): £274,800, mostly from his autobiography deal

Constituency:

Income sources:

Public speaking appearances.

ADVERTISEMENT

Autobiography deal for "Kind of Blue: A Political Memoir".

2. Nadhim Zahawi (Conservative): £534,696, mainly from being Chief Strategy Officer for an oil company

Constituency:

Income sources:

Non-executive Director of SThree, an international specialist recruitment business

ADVERTISEMENT

Chief Strategy Officer for Gulf Keystone Petroleum, an oil company that operates in the Kurdistan region of Iraq.

1. Geoffrey Cox (Conservative): £653,718 from his work as a barrister

Constituency: Torridge and West Devon

Income sources:

Practices law at the bar in England and Wales, and provides legal services.

FOLLOW BUSINESS INSIDER AFRICA

Unblock notifications in browser settings.
ADVERTISEMENT

Recommended articles

Sony’s creators convention redefines the creative landscape for content creators

Sony’s creators convention redefines the creative landscape for content creators

Egypt, Nigeria, and South Africa ranked as Africa's most polluted countries in new report

Egypt, Nigeria, and South Africa ranked as Africa's most polluted countries in new report

10 African countries with the lowest life expectancy according to the World Bank

10 African countries with the lowest life expectancy according to the World Bank

Kenyan women are more obese than their men - here’s why

Kenyan women are more obese than their men - here’s why

Africa’s richest man Dangote stands between Europe and $17 billion in revenue

Africa’s richest man Dangote stands between Europe and $17 billion in revenue

After months of exchanging blows, Kenya and Uganda takes steps towards resolution

After months of exchanging blows, Kenya and Uganda takes steps towards resolution

Africa's first black billionaire could join $2.9 billion Vivendi bid for MultiChoice

Africa's first black billionaire could join $2.9 billion Vivendi bid for MultiChoice

10 most dangerous African countries in 2024

10 most dangerous African countries in 2024

Russia’s nuclear influence expands further north of Africa

Russia’s nuclear influence expands further north of Africa

ADVERTISEMENT