Wednesday 27 January 2010

MoD pays consultant £84k bonus

The Mail reports that a Ministry of Defence consultant has received an £84,000 bonus - as a reward for trying to save the "wasteful" department money.

The 'good performance' payment is, they say, enough to cover a year's pay for five squaddies in Iraq or Afghanistan. We are skeptical of that figure to say the least.

The £84,563 payout was apparently earned last year by a consultant hired by the MoD on a three-year contract to oversee the merger of two of the department's agencies.

The Mail is "outraged" and quotes others as finding this "disgusting". Of course, this pales in comparrison to the multi-million pound bonuses being paid to investment bankers with our money supposedly 'loaned' to support them... at around £45,000 from each of us! (If you want to work out the effect on you of that, estimate your likely lifespan and divide by £45,000 = how much a year you are losing from earnings, savings and pension to ensure that a wealthy minority are able to afford luxury for themselves and priveledge for their children.)

The Mail reports that just five years ago the biggest bonus in MoD was £14,340. The average bonus for senior fixed-term appointees - staff brought in from the private sector or civil servants seconded from other departments - was £31,890 in 2008-09, compared to £7,243 in 2004-05.

Read more: here.