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Anorak | MPs are greedy bastards aren’t they? They want us to pay for their booze

MPs are greedy bastards aren’t they? They want us to pay for their booze

by | 7th, May 2013

booze subsidy westminster

WE all know, or at least we should all know, that the browsing and sluicing of MPs is subsidised by the rest of us. Costs us about £5 million a year to provide cheap food and booze for them in Westminster.

However, that’s just the headline number of what we actually spend. There’s also a concept (very important in economics) called opportunity cost. This is the amount that we would have if we put whatever it is to a different use rather than doing whatever it is with it right now.

In relation to MPs’ guts and livers, this is that the bars and restaurants in the Palace of Westminster do not pay rent, do not pay rates and do not have to pay utility charges (water, ‘leccie and so on, these are just for the whole Palace). Given the location in central London these

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Posted: 7th, May 2013 | In: Money Comment (1) | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink