Lords reform: Elected peers to have pay slashed

Ministers have decided to slash the pay of future members of a largely elected House of Lords, the BBC has learned.

The move is designed to answer Conservative critics who fear the coalition's proposals for reform could be hugely expensive.

The pay reduction comes after ministers agreed to increase the membership of the reformed chamber from 300 to 450.

The maximum earnings level could be about £45,000 a year - down from the original proposal of about £60,000.

http://www.bbc.co.uk/news/uk-politics-18584788