Image copyright Getty Images
The £1.7m wage paid to the chief government of the agency which runs the Motability disabled automobile scheme is "totally unacceptable," say MPs.
The remuneration package deal of Mike Betts has grown by 78% from £954,000 in 2008.
Motability mentioned Mr Bett's pay was primarily based on a comparability with FTSE 250 corporations.
The Treasury and Work & Pensions committees discovered funds of £2.4bn had been additionally being needlessly hoarded. The National Audit Office would look into the problems raised, the federal government mentioned.
"The Secretary of State has stated that Motability provides an extremely valuable service to disabled people but the levels of executive pay and financial reserves are concerning," a spokesperson for the Department for Work and Pensions added.
The Motability scheme arranges vehicles for disabled individuals in change for a few of their state incapacity allowancetheir Personal Independence Payment profit.
Motability Operationsthe agency which runs the schemeis a monopoly which faces no competitors.
The two Parliamentary committees say that the federal government wants to elucidate why state help for the agencywithin the absence of competitorsis an applicable use of public cash.
Frank Field MP, chair of the Work and Pensions Committee, stated that Mr Betts' pay is over ten instances what the Prime Minister earns.
"The levels of pay pocketed by its executives and the cash reserves it is hoarding are totally out of whack with reality of its position in the market," he added.
Mr Field stated that Mr Betts' pay is over ten instances what the Prime Minister earns.
Nicky Morgan MP, chair of the Treasury Committee, mentioned the "high levels of executive pay and significant financial reserves are difficult to square with the honourable objectives of the scheme".
"It seems that Motability may have lost its way," she added.
Motability Operations has denied having constructed up "spare" cash and says it has supplied four.5 million autos to disabled individuals and their households since its 1977 launch.
On chief government Mike Betts' pay, the agency mentioned it was "reviewed against the market to ensure that it is both competitive over the long term and to make sure that any rewards are related to performance especially in relation to the quality of service provided".