Actually that would not be a good idea. Just imagine Blair running amok without a second chamber to block him..... The HOL managed to curb many of his excesses even with a Labour majority.
I'm very in favour of having a second chamber which has absolutely NO direct affiliation with the voters. It's more like the Dictatorship thing you talk about Aggers. Simply put they can decide based upon whether it makes sense or not and they can even break party lines. After all, nobody is going to vote for them. Which means that when Labour or the Tories are going overboard, the Labour and Tory peers can get together and block them.
As for £94M.
You tell me where there is a cheaper second chamber for a country which is in the G10????
I mean America, with their 100 senators, pays somewhere around
One Billion Dollars to upkeep them. It also costs around another One Billion Dollars to put them in place (estimated 10M per senator). That's One Billion of vested interest money paid by businesses to, quite literally, BUY the vote of their senators.
You want either of the Scenario's above?????
I think we get excellent value for money and the press need to shut up about it. Granted I'd much rather see only the Queen giving honours not the PM's. Were stuck with an overstuffed house until the peers Cameron has created are balanced out by the huge number of peers Blair created dying off.....
Honestly tell me we can have a better, cheaper, elected system, because we sure as hell can't trust that 650 odd snout in trough merchants in the lower house to not go crazy....