Are you curious about the salary of the Lord Mayor of London? Well, you’ve come to the right place. Let’s dive into the details and find out how much money the Lord Mayor earns.
Who is the Lord Mayor of London?
The Lord Mayor of London is a ceremonial figurehead who is elected annually by the City of London Corporation. This position has existed for over 800 years and has evolved over time into its current form. The Lord Mayor represents the City of London both domestically and internationally, serving as an ambassador for business and promoting trade and investment in the capital.
What are the responsibilities of the Lord Mayor?
The Lord Mayor’s responsibilities include presiding over meetings at Mansion House, attending events, hosting receptions, and promoting charities. They also act as an advocate for businesses within their jurisdiction.
How much does the Lord Mayor earn?
Now, let’s get to what you’re really interested in – how much does this important figure earn?
According to recent reports, as of 2021, the annual salary for the Lord Mayor of London is £115,000. This salary is tax-free since it is considered an office-holder expense allowance rather than a salary.
Although this may seem like a high figure to some people, it should be noted that this role involves many expenses that are borne by the individual holding this position. These expenses include official hospitality costs and clothing expenses.
Conclusion
In conclusion, being appointed as The Lord Mayor of London comes with great responsibility, represented by ceremonial duties that entail a significant amount of work. While their salary may seem high to some people, it should be noted that they have many expenses that must be covered by themselves.
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