Sir Keir Starmer, born on September 2, 1962, in Southwark, London, has risen from modest beginnings to become the Prime Minister of the United Kingdom. At 62, his journey reflects a blend of dedication to public service and notable financial success.
Early Life and Family Background
Starmer’s upbringing was rooted in working-class values. His father, Rodney Starmer, worked as a toolmaker, while his mother served as a nurse. The family resided in Oxted, Surrey, where Starmer attended Reigate Grammar School. Despite financial challenges, including periods when the family couldn’t afford utility bills, Starmer excelled academically, eventually pursuing a career in law.
Legal Career and Earnings
Starmer’s legal career began as a barrister specializing in human rights law. He was involved in significant cases, such as advocating against the death penalty in the Caribbean and Africa and participating in the notable McLibel case against McDonald’s. In 2008, he was appointed Director of Public Prosecutions (DPP) and head of the Crown Prosecution Service, roles he held until 2013. During this tenure, he earned a substantial salary, reflecting the seniority of the position.
Political Career and Income
Transitioning to politics, Starmer was elected as a Member of Parliament for Holborn and St Pancras in 2015. As an MP, his base salary was £79,098. Upon becoming the Leader of the Opposition in 2020, he received an additional £49,193, bringing his total parliamentary earnings to £128,291 for the 2022-2023 financial year. In July 2024, Starmer assumed the office of Prime Minister. The official salary for the Prime Minister is £172,153, comprising the MP’s salary of £91,346 and an additional £80,807 for the premiership. However, following the precedent set by his predecessors, Starmer opts to receive £166,786, slightly less than the full entitlement.
Financial Assets and Net Worth
Starmer’s financial portfolio includes significant real estate investments. In 1996, he acquired seven acres of land in Surrey, adjacent to his childhood home. Reports in 2020 estimated the property’s value at up to £10 million. Additionally, he and his wife, Victoria, own a residence in North London, valued at approximately £1 million. Despite these assets, Starmer has stated, “I’m not a millionaire,” emphasizing a lifestyle that, while comfortable, is not extravagant.
In the 2022-2023 financial year, Starmer’s total declared income was £404,000. This figure includes his parliamentary salary and a significant capital gain of £275,739 from the sale of a field co-owned with his father’s estate. His tax contributions for that year amounted to £99,431, covering both income tax and capital gains tax.
Public Perception and Transparency
Starmer has faced scrutiny over the acceptance of gifts and hospitality. Since becoming Labour leader in 2020, he has declared benefits valued at over £100,000, including suits, event tickets, and accommodations. While these were declared in accordance with parliamentary rules, critics argue that such acceptance may contrast with his public stance on integrity and modesty in public office.
