Nigel Farage has one of the worst attendance records in the European Parliament. EPA
Nigel Farage has one of the worst attendance records in the European Parliament. EPA

Brexiter MEP Nigel Farage ‘entitled to €172,000 payout’ from EU



British members of the European Parliament who will lose their jobs after Brexit could be entitled to a payout of up to hundreds of thousands of euros.

Politico, who obtained a document titled “British members end of mandate”, reported that British MEPs will be allowed to claim a transitional allowance of €8,611.31 (Dh37,000) for every year that they have served in the parliament.

The €8,611.31 before tax payment will be given every month for up to two years after the MEP has left the parliament. This means Brexit-supporting members such as Nigel Farage and Daniel Hannan, who first entered the parliament in 1999, will be able to claim for over €172,000.

Mr Farage, who has one of the worst attendance records in the history of the European Parliament, is already one of the best-paid MEPs because of his lucrative media contracts. He has declared his outside earnings to be between €590,048 and €790,000.

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British MEPs will also be entitled to half of the General Expenditure Allowance (GEA)- a €4,416 per month payment- for three months after Britain leaves the EU on March 29, 2019. The GEA is used to pay office and other expenses.

The document was given to British MEPs in late 2018, Politico said, and states that departing members will be able to claim for their trip back home as well as “six return journeys by air, rail or boat” in the run up to Britain’s departure date.

Although members must leave behind items given to them by the European Parliament such as laptop, iPad, office keys and voting card, they will be allowed to keep their badge.

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Five famous companies founded by teens

There are numerous success stories of teen businesses that were created in college dorm rooms and other modest circumstances. Below are some of the most recognisable names in the industry:

  1. Facebook: Mark Zuckerberg and his friends started Facebook when he was a 19-year-old Harvard undergraduate. 
  2. Dell: When Michael Dell was an undergraduate student at Texas University in 1984, he started upgrading computers for profit. He starting working full-time on his business when he was 19. Eventually, his company became the Dell Computer Corporation and then Dell Inc. 
  3. Subway: Fred DeLuca opened the first Subway restaurant when he was 17. In 1965, Mr DeLuca needed extra money for college, so he decided to open his own business. Peter Buck, a family friend, lent him $1,000 and together, they opened Pete’s Super Submarines. A few years later, the company was rebranded and called Subway. 
  4. Mashable: In 2005, Pete Cashmore created Mashable in Scotland when he was a teenager. The site was then a technology blog. Over the next few decades, Mr Cashmore has turned Mashable into a global media company.
  5. Oculus VR: Palmer Luckey founded Oculus VR in June 2012, when he was 19. In August that year, Oculus launched its Kickstarter campaign and raised more than $1 million in three days. Facebook bought Oculus for $2 billion two years later.
Our legal columnist

Name: Yousef Al Bahar

Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994

Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers

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