Prime Minister David Cameron and Deputy Prime Minister Nick Clegg have made a clear commitment to cutting the cost of government, including urgent action to begin reducing the deficit this year.
As part of this process of cutting costs, the Prime Minister is today announcing that new Ministers will be paid five per cent less than Ministers received in the previous administration.
In addition, the Government will impose a subsequent Ministerial pay freeze for the lifetime of the Parliament – effectively a further pay cut when inflation is taken into account.
The five per cent reduction in Cabinet Minister salaries alone will save taxpayers approximately £50,000 this year – and approximately £300,000 will be saved this year when all government ministerial positions are taken into account.
Over the lifetime of the Parliament, the Ministerial salary cut and subsequent pay freeze will save approximately £3 million.
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