Kwasi Kwarteng and Liz Truss pocketed huge payouts after quitting government

Liz Truss announces her resignation as Prime Minister

Controversial figures including Liz Truss, Kwasi Kwarteng and Chris Pincher are among those revealed today to have received huge severance payouts after quitting their Government jobs.

The revelations came from today’s publication of the Treasury’s annual report and accounts from 2022-23.

Former PMs Liz Truss and Boris Johnson both pocketed payouts of £18,660 each after they quit No. 10, the maximum amount to which they were entitled.

Labour election candidate Chris Curtis calculated that Liz Truss’s payout was over £400 for every day she was in office.

He said: “Worth remembering when we hear the Tories complain about nurses asking for a decent salary.”

READ MORE: Ex-PM Liz Truss earned £20k an hour since leaving Number 10

Chris Pincher, who quit in disgrace after groping men at the Carlton Club and ultimately ended up toppling the Boris Johnson regime, also took £7,920 in severance.

Kwasi Kwarteng, who many blame for crashing the economy last year with his mini-budget, also took £16,876 in severance, as did Rishi Sunak when he quit in July 2022. 

The document says Mr Sunak repaid his severance in its entirety. 

An additional document from the Department for Transport revealed Grant Shapps pocketed £16,876 after being sacked by Liz Truss. 

In total taxpayers forked out at least £215,575 in severance payments to ex-ministers who were sacked or quit Government last year.

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Tom Scholar, who was sacked as the Treasury’s permanent secretary by Liz Truss in November, received a whopping £335,000 loss of office payment, and then an additional £122,000 of annual leave adjustments and compensation in lieu of notice.

Responding to the news, the Lib Dems’ Daisy Cooper said: “This is a slap in the face for all those who have seen their mortgages soar because of Truss and Kwarteng’s disastrous mini-budget”. 

“It is frankly insulting that whilst people struggle with the cost-of-living crisis, those responsible for their financial hardship are being showered with tens of thousands of pounds of taxpayers’ cash.

“If any of these disgraced former Conservative Ministers had a shred of integrity left they would hand these payouts back.”

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