Labour Proposes Reforms to Curb Minister Severance Payouts
• Labour pledges to reform ministerial severance pay rules after £933k paid out last year, including to ministers accused of misconduct • Proposes ministers only get 25% of earnings over last 12 months, not final annual salary • Payments would be clawed back if minister returns to frontbench within 3 months • Misconduct cases would lose severance pay if allegations upheld, like civil servants • Labour estimates its rules would have cut last year's £933k bill by over 40% to £555k