MPs to be handed inflation-busting £2,558 pay rise
MPs are set to be handed an inflation-busting pay rise of £2,558.
On Monday, the Independent Parliamentary Standards Authority (Ipsa) announced that it was proposing to increase MPs' pay by 2.8 per cent in April subject to a consultation.
If approved, the increase would take an MP's annual salary to £93,904, up from £91,346. At the start of the last Parliament, in 2019, MPs were paid £79,468.
Ipsa said the proposal was in line with the Government's recommendations on a wider
Richard Lloyd, the chairman of Ipsa, said the body aimed to 'make fair decisions on pay, both for MPs and the public'.
He added: 'Our pay proposal for 2025/26 reflects the experience of the wider working public sector population, and recognises both the vital role of MPs and the current economic climate.'
MPs do not determine their own salaries, which have been set by Ipsa since the watchdog was established in 2009 by the Parliamentary Standards Act in the wake of
Ipsa is an independent body, which allows it to make decisions and consider a range of metrics when deciding on MPs' pay, including national statistics on pay and reward in the public sector, its own pay principles and the
Ipsa will consult on its proposals until the end of this month, with a final decision published in mid-March. It is also carrying out a wider review of MPs' salaries, which it is obliged to do in the first year after an election.
Last year, MPs' pay
John O'Connell, the chief executive of the TaxPayers' Alliance, said: 'Taxpayers will be aghast at this inflation-busting pay rise for politicians.
'While households struggle to stay above water because of frozen thresholds, MPs are set to benefit further from the linking of their salaries to public sector pay. Elected officials should show restraint and only accept rises when conditions allow.'
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