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The National (Scotland)
The National (Scotland)
National
Judith Duffy

Kwarteng urged to turn down £16,000 golden handshake after ‘trashing economy’

KWASI Kwarteng should turn down a potential £16,000 golden handshake after serving only 38 days in office and “trashing the economy”, the SNP have said.

The former Chancellor could receive the payout under rules which mean ministers are entitled to receive a quarter of their annual salary as severance pay unless they are given a new role within three weeks of leaving their post.

Based on the current salaries of government members, this means Kwarteng could be entitled to around £16,876 - more than he earned for being Chancellor.

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