(CMR) Liz Truss, who announced her resignation after only 44 days in office, will receive a yearly £115,000 allowance for the rest of her life despite her short stint as Prime Minister. The lifelong allowance is given to former prime ministers.
Truss becomes only the sixth Prime Minister to receive this allowance, which was enacted in 1991 by former Prime Minister John Major following Margaret Thatcher's resignation.
The Public Duty Costs Allowance (PDCA) grants all former Prime Ministers a yearly allowance for expenses spent while fulfilling public duties in the role. The only requirement is to have served as Prime Minister.
According to Business Insider, the allowance has been frozen at £115,000 since 2011 and remains the same for 2022-2023. In addition, Truss is entitled to receive a pension allowance of up to 10% of the £115,000 allowance.
Truss, the shortest-serving prime minister in British history, resigned Thursday following a disastrous reversed economic plan that sent the pound plunging and her government into chaos.
“I recognize that given the situation, I cannot deliver the mandate on which I was elected by the Conservative Party. I have therefore spoken to his majesty the king to notify him that I am resigning as leader of the Conservative Party.,” she said Thursday.
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