[UK] 2.8% pay rise would take MP’s salaries close to £94,000

In the UK, MPs’ salaries could rise to almost £94,000 per year after the Independent Parliamentary Standards Authority (Ipsa) - the body in charge of their pay - recommended a slightly above-inflation hike, Yahoo reports.

On February 10, Ipsa announced that it is proposing to increase MPs’ pay by 2.8 per cent in April, subject to a consultation.

If approved, the increase would reportedly 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’s proposal is in line with the Government’s recommendations for a wider public sector pay increase for this year and slightly above the current inflation rate of 2.5 per cent. The Bank of England has forecast an increase in inflation later this year.

MPs do not determine their salaries. They have been set by Ipsa since the watchdog’s establishment in 2011, in the wake of the expenses scandal.

Ipsa chairman Richard Lloyd said the parliamentary standards body aims to “make fair decisions on pay, both for MPs and the public”.

Mr Lloyd 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.”

Ipsa will consult on its proposals until mid-March. In addition, it is reportedly carrying out a wider review of MPs’ salaries, something the body is obliged to do in the first year after an election.

Source: Yahoo

(Quotes via original reporting)

In the UK, MPs’ salaries could rise to almost £94,000 per year after the Independent Parliamentary Standards Authority (Ipsa) - the body in charge of their pay - recommended a slightly above-inflation hike, Yahoo reports.

On February 10, Ipsa announced that it is proposing to increase MPs’ pay by 2.8 per cent in April, subject to a consultation.

If approved, the increase would reportedly 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’s proposal is in line with the Government’s recommendations for a wider public sector pay increase for this year and slightly above the current inflation rate of 2.5 per cent. The Bank of England has forecast an increase in inflation later this year.

MPs do not determine their salaries. They have been set by Ipsa since the watchdog’s establishment in 2011, in the wake of the expenses scandal.

Ipsa chairman Richard Lloyd said the parliamentary standards body aims to “make fair decisions on pay, both for MPs and the public”.

Mr Lloyd 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.”

Ipsa will consult on its proposals until mid-March. In addition, it is reportedly carrying out a wider review of MPs’ salaries, something the body is obliged to do in the first year after an election.

Source: Yahoo

(Quotes via original reporting)