PM takes a pay cut – to £1.1m

Facing public outrage over soaring housing costs and growing income inequality, Singapore’s well-remunerated prime minister has agreed to accept a hefty 36 per cent pay cut.

Prime minister Lee Hsien Loong’s office said yesterday he would accept the recommendations of a government-appointed committee to reduce his salary, as well as those of his ministers and the city-state’s president.

The committee – appointed by Mr Lee after an election in which his party faced historic losses – recommended that his salary be cut 36 per cent to £1.1 million. Mr Lee has been prime minister since 2004.