A SUSSEX MP has earned more than £660 per hour for work advising an investment firm.

The £20,008.23 paid to Sir Nicholas Soames this year for a 30-hour contract with Intrepid Capital Partners is just one of the sources of income which makes him the seventh-highest paid MP in the House of Commons.

The Mid Sussex MP’s second income, as published in the Register of Members’ Interests, totalled £245,423 last year, in addition to the £74,962 he earns as an MP.

Fellow Sussex Conservative Jeremy Quin, MP for Crawley, also makes the list of fourteen MPs who pull in more than the Prime Minister, with outside financial interests of £117,500.

Theresa May earns a total of £142,500 per year including her MP's salary.

Sir Nicholas’ earnings at Intrepid Capital work out to more than one pound every seven seconds, but he also has lucrative contracts for non-executive directorships and advisory roles at defence giant GardaWorld (formerly AEGIS), financial services firm MMC Group and Aggregated Micro Power, a renewable energy investment business.

GardaWorld pays the Tory - who is the grandson of wartime prime minister Sir Winston Churchill - more than £110,000 per year for a 180 hour commitment (around five working weeks).

And the same hours bring in more than £95,000 from Aggregated Micro Power.

His register of members’ interests filing also reveals that he received a trip to Dubai worth more than £4,300 paid for by Falcon and Associates Limited. The purpose of the visit, with the Conservative Middle East Council, was to “gain a deeper understanding of the strategic important links between Dubai and the UK.”

A £5,000 fee he received from the Young President’s Organisation London for a speech delivered on March 15 was paid directly to charity. do not remove

Sir Nicholas’ portfolio of roles regularly place him towards the top of the list of top-earning MPs but when challenged on the extra hours and earnings two years ago he told a national newspaper: “I am perfectly satisfied at the way I perform my parliamentary duties.”

Crawley MP Jeremy Quin has declared significant sums as “deferred remuneration” from his former employer Deutsche Bank, where he worked as Managing Director prior to December 2014.

Part of his package at the bank was paid in shares which could not be cashed in straight away in a process known as “vesting”, which attempts to incentivise employees - especially of financial firms - to make decisions in the long-term interests of the company.

Through the course of 2016, his shares and payments from the bank totalled £117,551,92. He also declared an interest in two properties which give rental income in excess of £10,000 per year.

The Argus has contacted both Sir Nicholas and Mr Quin for comment.