Boris intends to 'repair his own balance sheet' as 'you earn so little' as PM, says Lord Marland

4 September 2022, 12:45 | Updated: 4 September 2022, 12:55

Boris is focused on making money once he is out of office
Boris is focused on making money once he is out of office. Picture: LBC/Alamy

By Emma Soteriou

Boris Johnson plans to focus on making money once he steps down as Prime Minister because "you earn so little" in the role, Lord Marland has said.

Listen to this article

Loading audio...

Speaking on LBC's Swarbrick on Sunday with Ben Kentish, Lord Marland said he was told by Mr Johnson that his priority was "to repair his own balance sheet".

"His great statement to me was that he has to now get hay in the loft - go and make some money - to repair his own balance sheet," Lord Marland said.

"As Prime Minister you earn so little money and, as it's been well documented, he's got a few children and a few ex-wives.

"So there's quite a big payroll that he has to satisfy."

It is understood that the Prime Minister is entitled to just over £160,000 while in office.

Earnings are made up of around £79,496 for his role as Prime Minister as well as £81,392 for being an MP, according to reports.

Read more: Truss pledges 'immediate action' on spiralling energy bills as fears grow over cost of living
Read more:
'Get basics right and learn from appalling mistakes': Patel issues stark warning to new Met commissioner

PM wage is very little

Lord Marland went on to say: "I think he'll be in huge demand throughout the world as a speaker because he's just got unbelievable speaking skills and he's a writer - he'll doubtlessly go back to that."

He added: "I think he will largely try and keep out of public life for a bit but you have to remember that he is a sitting MP and that his seat has now become quite marginal.

"He'll have to decide whether he's going to retain that or not and continue being a sitting MP."

Boris will officially step down as Prime Minister on September 5, when either Rishi Sunak or Liz Truss replace him as the leader.

Ahead of his exit, Mr Johnson on Sunday urged fellow Tory members on Sunday to give whoever replaces him their full support.

But Lord Marland believes Brits have not heard the last of the leader.

"He's got a huge amount of energy, he's in his 50s, so has hopefully got a long life a head of him, he's highly intelligent, he's got this ability to connect with people that very few politicians have ever had and I think it'll be 'What's Boris up to now?' rather than 'What was the past like for Boris?'"

More Latest News

See more More Latest News

Tom Tugendhat

Two top Tories back Tom Tugendhat to be next Conservative leader

Shockat Adam

Independent MP who dedicated surprise win to Gaza 'hit with death threat'

The Tavistock Centre

'No evidence' curbs on puberty blockers have led to rise in suicide among trans children, report finds

Thousands of flights were cancelled across the globe on Friday.

Boss of company behind global IT outage 'sincerely apologises' for worldwide chaos sparked by software bug

President Joe Biden

Joe Biden insists he will stay in race, as president's family 'discuss exit plan from election campaign'

A burnt out car in the Leeds suburb of Harehills, after vehicles were set on fire and a police car was overturned as residents were warned to stay home following an outbreak of disorder on Thursday evening. Picture date: Friday July 19, 2024.

Council to hold 'urgent review of 'family matter' after rioters wreak havoc in Leeds on night of 'shocking' carnage

Brendan Cole slaps his partner Fiona Hill's bottom three times

Strictly pro dancer slaps female partner's bottom three times in freshly surfaced footage, after two dancers leave show

Trump gunman researched Royal family member during planning for assassination attempt

Donald Trump gunman 'scoped out Kate Middleton and had pictures of her on his phone' before failed murder attempt

Thousands of flights were cancelled across the globe on Friday.

Misery for holidaymakers as 4,000 flights grounded by IT outage that sparked chaos, and recovery 'could cost billions'

Christina Sandera and Clint Eastwood in 2018

Clint Eastwood's partner Christina Sandera dies aged 61, as 94-year-old Hollywood icon gives poignant tribute

Israeli occupation of Palestinian territories is unlawful, the International Court of Justice has ruled

Top UN court rules Israeli occupation of Palestinian territories 'unlawful', as Netanyahu slams 'false decision'

Over 4,000 flights have been delayed or cancelled today.

Has your flight been affected by the global IT outage? Can you claim compensation?

Friday was the hottest day of the year so far - but the mini heatwave will end soon

Exact date mini-heatwave to end, as Friday becomes hottest day of the year so far with temperature close to 32C

Ben Ross has been missing since July 10

Mum of missing Brit Ben Ross to fly to Majorca for desperate search as police issue statement

Shaikha Makhra announced her split on Instagram

Dubai princess announces divorce from husband via Instagram 'as he is occupied with other companions'

Thousands of flights where cancelled across the globe on Friday.

Worldwide IT outage could last 'days' as flights grounded, shops closed and operations cancelled