Health secretary Sajid Javid also found lucrative second jobs after he resigned as chancellor in February 2020, becoming an adviser to American bank JP Morgan Chase in August last year and AI software company C3.ai just months later.
Javid stepped down from both roles, which would have paid him a combined annual salary of more than £300,000, when he rejoined the cabinet in June.
“Being an MP is not only a privilege but it is also a well-paid and full-time job. It’s totally wrong that some MPs are lining their pockets by moonlighting in other roles and it is sickening that this was being done during a public health crisis,” said Labour MP Richard Burgon.
“These so-called advisory and consultancy roles that some MPs get gifted are corrupting our democracy,” he added. “In the coming days, I will be bringing a bill to Parliament to put an end to this racket by banning MPs from having second jobs, except in some very limited circumstances.”
There has been renewed concern over MPs’ outside earnings amid a scandal over paid lobbying.
On Wednesday, the government voted to prevent Paterson from being suspended for breaching lobbying rules and to instead set up a new committee to review how MPs are investigated for misconduct.
Paterson subsequently resigned on Thursday after the government said it would allow a vote on his suspension following a widespread backlash, including on the Conservative back benches.
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