By
Royal Warrant on 4 July 2006, the Queen declared that the Lord Speaker would have rank and
precedence immediately after the Speaker of the House of Commons. The Lord Speaker earns a salary of
£104,360, less than the Speaker of the House of Commons, though the Speaker of the House of Commons' salary includes £81,932 paid for being an MP. The Lord Speaker, like the Speaker of the House of Commons, is entitled to a
grace and favour apartment in the
Parliamentary Estate. Like the Lord Chancellor, the Lord Speaker wears court dress with a plain black silk gown while presiding over the House and a black silk damask and gold lace ceremonial gown on state occasions. To date holders of the office have chosen not to wear a wig, as the Lord Chancellor previously did, though they do have the option. When presiding over debates, the Lord Speaker sits on the
Woolsack. Before each day's sitting of the House of Lords, the Lord Speaker forms part of a procession that marches from the Lord Speaker's residence to the Lords Chamber. The Lord Speaker is preceded by the Deputy
Serjeant-at-Arms or Principal Doorkeeper of the House (who bears the
Mace). The procession is joined by the
Gentleman Usher of the Black Rod in the Prince's Chamber. Together, they move through the Not-content Lobby, entering the Chamber below the bar, and finish by walking up the Temporal (opposition) side toward the Woolsack. The Mace is placed on the Woolsack, where the Lord Speaker sits after a bishop has led the House in prayers. When the Sovereign appoints
Lords Commissioners to perform certain actions on his or her behalf (for example, to
open or prorogue Parliament, or formally declare
Royal Assent), the Lord Speaker is one of them. The other Lords Commissioners, by convention, are the Leader of the House (who has acted as the principal Commissioner since the Lord Chancellor's functions were transferred to the Lord Speaker), the leaders of the other two major parties in the Lords, and the Convenor of the Crossbenches. New peers, upon being
introduced in the House of Lords, shake hands with the Lord Speaker after taking the oath (or making affirmation). ==List of lord speakers==