Politicians' Pay

As the UK Government teeters on the edge of a precipice, we look back to a key moment in the genesis of the current crisis: the lobbying scandal that brought an end to Conservative MP Owen Paterson’s political career. We use these events to analyse the issue of politicians’ pay. In this week's podcast, we consider the issue of optimal remuneration for our political classes. We debate whether we would get better politicians, with fewer vested interests, if they were paid more money. We also chart the history of salaries in British politics and examine how the UK stacks up against other countries. Finally, we debate how to incentivise talented people to take up a career in politics and interrogate whether or not there is a correlation between the rates of pay among politicians and levels of corruption.