Actuaries should establish MPs expenses allowance

Actuaries have the skill set to establish an average expense allowance for MPs, believes Dr Geraldine Kaye, managing director of actuarial recruitment consultancy GAAPS Actuarial. “Based on past legitimate expense claims coupled with the size of an MP’s constituency and distance from London it should be possible to create a model which calculates what their individual expenses should be within a given range.

“With all the publicity and criticism surrounding MPs expenses this to me would make sense and settle public unease over this volatile issue. The actuarial profession looks at probability and developing statistical data from a long term perspective so is very well qualified.”

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