Mike Betts reportedly took a £2m bonus on prime of his £1.7m wage, pictured right here along with his spouse Julie
The fats cat boss of a agency that provides taxpayer-funded automobiles to the disabled confronted calls to give up final evening over claims he was given a secret £2million bonus.
Mike Betts, who earns £1.7million a 12 months as chief govt of publicly-funded Motability, got here underneath hearth from senior politicians from all sides.
Nicky Morgan, a former Conservative Cupboard minister, mentioned: ‘If stories that Mr Betts was awarded a bonus of £2million along with his very giant wage are appropriate, clearly he ought to contemplate his place. It’s onerous to see the way it might be justified.’
One other politician threatened to place Motability and Mr Betts ‘on trial’ and cost them with contempt of Parliament over claims that the complete scale of his pay was stored from MPs.
The warning was made by Frank Subject, who’s chairman of the Commons work and pensions committee.
His panel performed a joint inquiry into Motability fats cats’ pay with Mrs Morgan’s Treasury committee.
He mentioned: ‘Whether it is appropriate an undisclosed bonus of £2million goes to Mr Betts, we might want to contemplate whether or not to carry Motability again earlier than us for contempt, on condition that they could not have offered us with full info on wage packages once they appeared earlier than us.
‘We’ll wish to ask Mr Betts to make clear the size of his earnings and whether or not the complete info have been stored from us.’
Mr Betts’ pay was closely criticised earlier this 12 months in a joint inquiry by Mr Subject and Mrs Morgan’s Commons committees, which known as his multi-million pound earnings ‘grotesque’.
The Day by day Mail revealed on Tuesday that the additional £2million is alleged to have been promised to Mr Betts for his work as head of Motability, a charitable scheme that provides automobiles to wheelchair customers and others in return for a part of their advantages.
Mr Betts, who lives in a £5million riverside house overlooking Tower Bridge in London, earns 11 instances greater than Theresa Might.
Insiders say the £2million bonus was agreed 5 years in the past, however has not come to mild till now.
Chairman Neil Johnson (proper) and CEO Mike Betts (left) arrive for Parliamentary choose committee listening to into their money stockpiling on the charitable automobile scheme for the disabled in March 2018
It’s thought that Mr Betts will likely be entitled to the huge sum, which isn’t associated to his pension, within the ‘close to future’.
The revelation comes after the Mail reported in February the scandal on the coronary heart of Motability, which was arrange in 1977 to assist disabled folks get round by leasing a automobile, scooter or powered wheelchair.
This newspaper revealed how the charity, which will get all its cash not directly from the state purse, is hoarding £2.4billion of public cash – sufficient to pay for seven new hospitals or 30 new colleges.
The then-work and pensions secretary Esther McVey ordered three inquiries because of the Mail’s revelations, together with one by the Nationwide Audit Workplace, which is because of be revealed tomorrow.
Final evening Labour peer Lord Rooker mentioned: ‘Mr Betts and all the administrators ought to contemplate their positions. There isn’t any justification for this form of cash being taken for operating a public service.’
Tory MP Nigel Mills, who sits on the Commons public accounts committee, added: ‘I’d be very involved about this huge bonus, and whether it is true then there is just one possibility which might be to have a wholesale change on the prime.
‘My constituents will likely be horrified that mainly a charity boss is getting not solely £1.7million in pay however a £2million bonus on prime.
Motability Operations Ltd workplaces at Gate Home, Southwark Bridge Street in London
‘It might be dangerous sufficient for a high-flying banker, however what Mr Betts is operating just isn’t a dangerous enterprise – he’s getting taxpayers’ cash to run a charitable service for the disabled.’
Motability, which was based in 1977, provides greater than 600,000 automobiles.
Its prospects’ £58-a-week mobility advantages are paid on to the corporate, in return for a brand new automobile.
Motability will get £2billion a 12 months in disabled advantages and revenue from the second-hand automobile market when automobiles are bought after three years.
It additionally receives £750million-a-year tax reduction which stops non-public competitors.
The agency is owned by Barclays, Lloyds, RBS and HSBC and borrows from them to purchase new automobiles for its fleet.
A Motability spokesman has mentioned that full particulars of Mr Betts’ pay had been given to MPs, including: ‘Our reporting of all govt remuneration is absolutely in keeping with the Corporations Act.’
Mr Betts obtained a mauling when he appeared earlier than Mr Subject’s panel in Parliament 9 months in the past.
Mr Subject lambasted him over the ‘giant, giant, giant sum of money going into your pocket’, including: ‘It’s an affront to the disabled – automobiles for the disabled is bread and butter stuff. It simply wants clever book-keeping.’
There was no point out of a £2million bonus on the time.