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Golden Balls

Ousted MP entitled to £88,000

ED Balls is entitled to an £88,000 taxpayer-funded golden goodbye after losing his seat.

The Labour ex-Shadow Chancellor, ousted in Morley and Outwood, can claim one month of his £67,060 MPs’ salary for each year he has been in the Commons, up to a maximum six years. As he was elected in 2005 he gets a £33,530 redundancy package.

He can also claim up to £53,950 in expenses over the next two months to cover the closure of his office.

In all, 80-plus MPs voted out and 90 who stood down are entitled to £11.5million in “winding up” money.

Others who can claim include Lib Dems Simon Hughes and Vince Cable and Tory Esther McVey. TaxPayers’ Alliance’s John O’Connell said: “People will be astounded at the size of this bill.”