An expose by the Daily Mail has revealed that Mike Betts, chief executive of government-backed charitable scheme Motability, has been paid £1.7 million a year in wages – around 11 times more than the Prime Minister earned in 2017.
The newspaper also revealed that the company is sitting on a stockpile of £2.4 billion from their annual budgets. The charitable organisation is awarded £2 billion each year by the government, of which an average of £200 million goes unspent.
This news comes less than a year after government reforms saw more than 50,000 lose their adapted vehicles, many of which were provided by Motability.
The expose by the Daily Mail also claimed that Betts owns a luxury apartment on London’s Tower Bridge, which is now worth £5 million, and takes regular holidays to the Caribbean.
Starting in 2008, Betts’ basic annual salary was £355,956, however, bonuses took this figure up to a lofty £954,749. By last year, his salary had quietly crept up to £549,258, meaning Betts took home almost £46,000 every month – meaning Betts earned almost twice the UK’s national gross average annual earnings in a single month.
Labour MP and member of the Commons Treasury committee John Mann told the Daily Mail: “It is outrageous – money for old rope. They have a monopoly, it is the simplest of schemes, with no risks involved. This money should immediately be returned to the Treasury and used to help the disabled.”
Motability responded to the claims yesterday, publishing a lengthy response to the Daily Mail’s claims, stating that a review of both Motability and its non-charitable operation was undertaken by the Charities Commision, and no issues were noted. They realise that this story may damage their reputation – an issue they say is for their trustees to handle.
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