MPs are in line for an above inflation pay rise this yr to achieve an annual wage of £93,904, the physique that decides parliamentary salaries has introduced.
The Impartial Parliamentary Requirements Authority (IPSA) has proposed a 2.8% pay rise for MPs for the subsequent monetary yr from April.
This may take their annual pay from £91,346 to £93,904 and represents an increase of practically £20,000 over the previous 10 years.
MPs additionally declare bills for his or her employees, workplace prices, lodging and journey.
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IPSA mentioned the rise is “in line with government pay recommendations for public sector workers”.
Its proposal will go to session. Nevertheless, since IPSA was arrange in 2011 in response to the 2009 MPs’ bills scandal, all its suggestions for MPs’ pay have been accepted.
The rise is above inflation which stands at 2.5% – above the Financial institution of England’s 2% goal.
IPSA mentioned it considers a variety of metrics when deciding MPs’ pay, together with nationwide pay statistics, rewards within the public sector, its personal pay ideas and the broader financial context.
Richard Lloyd, IPSA’s chair, mentioned: “Our purpose has been to make honest selections on pay, each for MPs and the general public.
“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.”
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IPSA has to overview MPs’ salaries inside the first yr of a brand new parliament.
Nevertheless, as a result of the election was held in July, the primary anniversary can be three months after the start of the brand new monetary yr so IPSA has given its newest pay proposal as an interim measure.
It should overview pay once more in July – and can perform a wider session on how MPs’ pay is about to find out how a lot they need to be paid from 2026.
Final yr, MPs had a 5.5% wage improve.
