M
Member
Speaking in the House of Lords on 10 March 2025
Debate
House of Lords (Hereditary Peers) BillContribution
That proposal will be rejected not only for the reasons I have advanced but on cost grounds. Last year, according to the figures produced by IPSA, MPs’ salaries cost over £64 million, staff costs were over £133 million and other costs were over £34 million. The total cost for 650 Members of Parliament was £233,138,000. We can assume that elected Lords senators will have the same salaries, staffing and accommodation allowance, so at just £300 instead of £650, that will be a cost of £100 million for an elected Lords.
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