Budd earning £2,885 a week

SIR Alan Budd, head of the Office for Budget Responsibility, is being paid £2,885 a week, it has emerged.

Treasury Economic Secretary Justine Greening revealed the rate, excluding VAT, in a written Commons reply. It amounts to

150,020 a year – almost 8,000 more than the Prime Minister earns at 142,500.

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Ms Greening said release of the information was consistent with the coalition's approach to "transparency on public sector pay" and in line with publication of high-earning civil servants' salaries. She added that he was not eligible for a bonus