If you are MP reading this, prepare for a good old splutter.
Readers may recall that a new Parliamentary Standards Authority is being set up to oversee MPs. A chairman and board members for the authority are being sought.
This morning I can reveal how much they will be paid. I hope you are sitting down. The chairman will trouser a massive £208,000 a year at £800 a day for a five day a week. This time commitment will be reduced after eighteen months. Board members will be paid £400 a day, the equivalent of £104,000.
So the chairman of the Parliamentary Standards Authority will earn more than three times the salary of the people he will be overseeing.
I think the taxpayer deserves to know who set this level of remuneration, and whether the three party leaders endorse it.
I, as a taxpayer, think it is a disgrace.
UPDATE: The PSA website indicates the remuneration is £700 per day for a 3 day week, equating to £109,200. Have the terms and conditions changed since that was published? My sources are adamant that it is a 5 day a week role initially, and that the day rate is actually £800.
Interestingly, there is no mention of the remuneration for the 5 day a week chief executive.