Financial Times FT.com

Taxpayers to foot £16m bill for MPs’ pensions

By Alex Barker, Political Correspondent

Published: January 8 2008 02:13 | Last updated: January 8 2008 02:13

The cost to the taxpayer of MPs’ pensions is more than double the official estimate, according to a footnote in public accounts that could undermine backbenchers’ demands for a big pay rise.

A disclosure made to bring Commons accounts more in line with corporate standards suggests new pension pledges cost £16.5m ($32.5m, €22.1m) a year – much more than the £7.8m figure reported by the Treasury.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this