If you have capital rather than income then this is still better for you.
e.g. a retiree has capital but not income and for someone like Musk will have plenty of capital but proportionally much ledd income as that will be the best way to avoid tax.
In UK to make someone redundant (ie fired not for cause) then the job has to be removed and only the holder of that job can be fired and not any other person.
Of course HR departments and consultants are paid to work around this
But EU does not pay farmers to farm efficiently and produce more food but does it to keep inefficient ones going so not much to do with actual food security.
The last member of the House of Lords to be PM was Lord Salisbury in 1900.
As noted Alec Douglas-Hume had to leave the House of Lords in 1963 and get elected as a MP.
The previous attempt would have been Lord Halifax in 1940 but by then it was clear the PM had to be from the Commons.