One of these MPs has earned more than £300,000 this year. Another charged £3,600 for one speech.
From appearing on Channel 4’s Come Dine With Me to giving speeches to the Bank of America, there are plenty of ways certain London MPs have supplemented their £65,738 salaries.
LondonlovesBusiness.com has totted up the totals of 73 London MPs’ remunerations so far this year (according to their Register of Members’ Interests) to find who’s earned the most.
1. Sir Malcolm Rifkind: upwards of £240,000 + MP salary of £65,738
MP for Kensington (Con)
Between his directorships and journalistic endeavours, Sir Malcolm wipes the floor with his rivals and has more than tripled his basic salary this year already. The former defence secretary sits on the boards of investment groups, a FTSE 100 giant and specialist advisory firms.
2. Nick Raynsford: £60,657 + MP salary of £65,738
MP for Greenwich and Woolwich (Lab)
As ex-housing shadow minister and a former director of the Shelter Housing Aid Centre, Raynsford is a sought-after man. Since the election he has been made vice chairman for the Construction Industry Council and records show he was paid £10,417 for 63 hours of work between January and May this year.
Raynsford is also a non-executive for Hometrack, an organisation that provides services to the housing market, and chairman for the NHBC Foundation. He also regularly writes articles for the trade press such as Building Magazine.
3. Mark Field: £41,740 on top of MP salary of £65,738
MP for Cities of London and Westminster (Con)
Once a solicitor at Freshfields, Field went onto become director of his own employment agency. He has since sold his share of the business but his consulting skills remain in demand. He is a board advisor to Ellwood and Atfield, a specialist recruitment firm. He earns £250 an hour for his time.
Field is a member of the advisory committee of the London School of Commerce where he has so far registered £15,500 for 60 hours.
He earns £166 an hour as a cultural, diplomatic and economic advisor to The European Azerbaijan Society.
4. Jo Johnson: £12,314 + MP salary of £65,738
MP for Orpington (Con)
Award–winning journalist and Boris’ little brother, Jo Johnson is still employed as a contributing editor at the Financial Times. He is paid around £1,000 per article. In April this year the Bank of America paid him £3,600 to give a speech. Last year Security Watch India paid £2,000 for the same privilege.
5. Diane Abbott: £10,326 + MP salary of £65,738
MP for Hackney North and Stoke Newington (Lab)
Hot on the heels of Johnson is Abbott. The outspoken Labour MP hasn’t been far from the small screen in 2011, creaming it in from regular appearance on the BBC’s This Week. How much did the licence fee payer fork out to see her gas away with Michael Portillo? Abbott bills £869 a month for three hours of her time.
She has spoken at Deloitte’s National Women’s Day and the POLSIS Student Conference, for which she was paid £3,000 and £1,750 respectively.
Serious fans could even attend an “Audience with Diane Abbott” at the Lichfield Garrick Theatre – for which she was paid £1,000.
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