Sept 26, 2010
Lord Mandelson is still paid £8,600 a month by the EU despite leaving his Brussels post two years ago and earning hundreds of thousands in royalties from his memoir, it has emerged.
After leaving his Brussels job in Oct 2008, the Labour peer is still receiving a “transitional allowance” of £103,465 a year, which is funded by the taxpayer. The payment of £8,622 (€10,139) a month is set at 50 per cent of his former salary as European trade commissioner, a stipend paid at low rates of “community tax”.
Despite being only 56 and highly employable, Lord Mandelson is entitled to claim the allowance until Oct 2011.
According to the House of Lords register of interests, dated Sept 20, the allowance and royalties from his new Labour memoir, The Third Man, are sole sources of income. Serialisation rights for the book are said to have been £400,000 alone. He is also entitled to claim a £86.50 daily subsistence when he attends the Lords.
This article was posted: Sunday, September 26, 2010 at 4:47 am