Greedy Tory MPs have raked in £4 milllion in just a year through lucrative second jobs away from Westminster.

Two top-earning Tory barristers earned more than £350,000 each – FIVE times their taxpayer-funded salary of £66,396 a year, the Sunday Mirror reveals here. 

Tory MP Geoffrey Cox topped the league table of MPs for outside earnings by making £397,039 between March 2013 and February 2014.  The Torridge and West Devon MP often charges upwards of £600 an hour for his legal services.

Fellow Tory MP and barrister Stephen Phillips QC came second among the Tory second-jobbers with earnings in the same period of £364,499.

House of Commons: Where MPs work (pic credit: Alan Cleaver)

Other high earners include former Cabinet Minister John Redwood in third place with £213,852, former Foreign Secretary Malcolm Rifkind in fouth with £213,283 and Nicholas Soames in fifth place with £199,005.

Former Armed Forces Minister Mr Soames earns £8,333 for 15 hours work a month as a director of Aegis Defence Services Ltd.

More than one in three Tories – 125 of David Cameron’s 303 Tory MPs – decided to top up their basic pay with second jobs, an analysis by Labour of the latest Register of MPs’ Interests has revealed.

A total of 19 Tory MPs made more than their £66,396 annual salary through second jobs.  And 14 Tories pocketed more than £100,000 from work outside Parliament.

Some MPs admitted spending more than 35 hours a week on other work – time they could have put towards dealing with the needs of their constituents.

The disclosure triggered renewed demands last night from Labour for a clampdown amid suspicions that some MPs are “filling their boots” ahead of the general election in May 2015.

Shadow Cabinet Office Minister Michael Dugher said: “These latest figures just go to show why Ed Miliband was right to call for new rules and new limits on outside earnings.

“David Cameron blocked Labour’s proposed reforms.  But the current set-up is becoming more unsustainable and more indefensible by the day.”

Last year, Labour leader Ed Miliband pledged that MPs would be banned from holding paid directorships or working as a consultant if he became PM.   He also promised to introduce a limit on how much cash MPs could earn from second jobs.

In total, 57 Tory MPs have a directorship or work as consultant. But the Government voted against a Labour effort to reform the laws on MPs’ second jobs last July.

Labour has said that no one will be able to stand for Labour at the 2015 election if they have outside earnings of more than 15% of their MP’s pay. But people with existing jobs will be allowed to honour their contracts.