These are the MPs earning the most from their second jobs - and how much they make (Photo: Shutterstock)
Dozens of MPs earn more than double the national living wage on top of their £81,932 salary through work done outside of Parliament, often by acting as consultants to businesses. According to the latest MPs register of financial interests, as of 12 October, nine of the 10 MPs who will earn the most money outside of parliament in 2020 are Conservatives. Here are the highest earners.
Former Prime Ministers have typically always made significant amounts of money in the years after they leave office, often through speaking engagements. Theresa May’s post-Downing Street experience has been no different, even in spite of the pandemic. According to Mrs May’s register of interests entry, “These sums are used to pay employees, maintain [her] ongoing involvement in public life and support [her] charitable work.” (Photo by Jeff J Mitchell/Getty Images)
Andrew Mitchell MP will earn almost a quarter of a million pounds on top of his MP salary in 2020. The MP for Sutton Coldfield has a number of high-paid senior advisory roles, including £30k per annum for five days work with Ernst and Young, as well as a £50,000 per annum plus shares and options for eight days at Equinox International Holdings Limited, a private equity and venture capital firm.
Congleton MP Fiona Bruce is the highest paid of several MPs who still practice law through their own firm. So far this year Bruce has registered six separate consulting jobs, earning the equivalent of up to £11,487 per hour, with a total of £180,342.17 earned by 31 August. (Official Parliamentary portrait)
Richard Fuller commits two hours per month to a number of directorships and chairmanships, including a “brand protection” firm, a software company and a venture capital firm. The MP for North East Bedfordshire is the highest earning member of the 2019 intake, and is expected to take home at least £175,000 in the year following his election, on top of his MP salary.(Official Parliamentary portrait)
Sir John Hayes MP earns more than £100k per year on top of his MP salary, working as the president of a technical college, as strategic adviser to an energy firm and as a part-time political studies professor at a university. According to the register of interests, the MP for South Holland the Deepings is committed to approximately 470 hours per year through his work outside of parliament. Approached for comment, Sir John Hayes said, “I donate a good deal each year from what I earn to charities and good causes, as many people will be aware.” (Official Parliamentary portrait)
Sajid Javid is the most politically senior to feature on this list, aside from former PM Theresa May, having served as Home Secretary and Chancellor of the Exchequer in recent years. While the MP for Bromsgrove is now a backbencher, so will no longer receive an extra ministerial salary on top of his standard MP wage, Javid is still expected to net at least an additional £107,500 in 2020 through speeches and advisory roles. (Official Parliamentary portrait)
Nadine Dorries will most likely be parliament’s highest earning author this year, having so far earned almost £100k on top of her MP salary for an approximate 12 hours per week commitment. The MP for Mid Bedfordshire, who originally hails from Liverpool where a number of her novels are set, netted more than £90k through contractual payments, and £5,000 so far from royalties. (Official Parliamentary portrait)
North Herefordshire MP Bill Wiggin earns £4000 per meeting to attend four meetings a year as a non-executive director of Allpay Limited, a payment collection firm. But the bulk of his almost £100k extra earnings per year come from his role as managing director of Emerging Asset Management Ltd, a firm registered in Bermuda which deals with two funds in the Cayman islands and two in Bermuda. (Official Parliamentary portrait)
Former Brexit Secretary and onetime leadership candidate David Davis MP earns just over the amount of his MP salary again through advisory roles with JCB, and investment and real estate companies based in Germany. The MP for Howden and Haltemprice has also earned £4260 which was donated directly to an unnamed charity, through writing for newspapers including The Sun and Daily Mail. (Official Parliamentary portrait)
The Liberal Democrat leader will earn just under £80k by the end of the year, at least, through work in the energy and renewables sector, and as a “consultant on political issues and policy analysis” for Herbert Smith Freehills, an international law firm. According to his register of interests entry, “all earnings” from work outside parliament “will be used to benefit [Davey’s] disabled son.” (Official Parliamentary portrait)