MPs set for above inflation pay rise to nearly £94,000
An independent body decides MPs’ salaries, with expenses for staffing, office
costs, accommodation and travel paid in addition.
Political reporter @alixculbertson [http://twitter.com/@alixculbertson]
Monday 10 February 2025 12:57, UK
MPs are in line for an above inflation pay rise this year to reach an annual
salary of £93,904, the body that decides parliamentary salaries has announced.
The Independent Parliamentary Standards Authority (IPSA) has proposed a 2.8% pay
rise for MPs for the next financial year from April.
This would take their annual pay from £91,346
[https://news.sky.com/story/mps-awarded-pay-rise-to-91-346-by-independent-body-13094588]
to £93,904 and represents a rise of nearly £20,000 over the past 10 years.
MPs also claim expenses for their staff, office costs, accommodation and travel.
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IPSA said the increase is “in line with government pay recommendations for
public sector workers”.
Its proposal will go to consultation. However, since IPSA was set up in 2011 in
response to the 2009 MPs’ expenses scandal, all its recommendations for MPs’ pay
have been accepted.
The rise is above inflation which stands at 2.5% – above the Bank of England’s
2% target.
IPSA said it considers a range of metrics when deciding MPs’ pay, including
national pay statistics, rewards in the public sector, its own pay principles
and the wider economic context.
Richard Lloyd, IPSA’s chair, said: “Our aim has been to make fair decisions on
pay, both for MPs and the 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 review MPs’ salaries within the first year of a new parliament.
However, because the election was held in July, the first anniversary will be
three months after the beginning of the new financial year so IPSA has given its
latest pay proposal as an interim measure.
It will have to review pay again in July – and will carry out a wider
consultation on how MPs’ pay is set to determine how much they should be paid
from 2026.
Last year, MPs had a 5.5% salary increase
[https://news.sky.com/story/mps-awarded-pay-rise-to-91-346-by-independent-body-13094588].
