1,000 Peers. Let’s think about that. Each peer costs roughly £26,000 per year in expenses and allowances – without counting the increased infrastructure costs (office space, food, publications, stationary and a million other things). It’s also impossible – there’s no room for the current 800+ as it is.
Article source: http://www.huffingtonpost.co.uk/katie-ghose/1000-new-peers-article-50_b_12839834.html?utm_hp_ref=uk-politics&ir=UK+Politics