Currently, MPs can earn massive additional incomes through media contracts, with Reform UK's Lee Anderson and former minister Jacob Rees-Mogg earning six-figure sums from GB News. Anderson's income from the channel reportedly reaches 100,000 yearly for just eight hours of work, while Rees-Mogg made over 300,000 before losing his seat. This prompted discussions led by Lucy Powell to tighten regulations on MPs' outside interests, especially concerning lucrative media roles.
The recent tightening of rules already prohibits MPs from accepting payments for advisory roles on public policy, yet gaps allow them to earn significant sums via media contracts. David Lammy, Labour's foreign secretary, made 243,800 from outside work while leading opposition, including 99,300 from radio. There's a clear disparity in income as MPs’ base salary sits at 91,346 annually, drawing attention to the need for stricter oversight on additional earnings for ethical governance.
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