Stop the MP's Pay Rise

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Stop the MP's Pay Rise

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The key recommendation that IPSA (Independent Parliamentary Standards Authority) has made is to increase the basic salary of MPs from its current annual rate of £66,396 to £74,000 in 2015 - an increase of £7,604

the ISPA has announced a package of detailed proposals so the consequences for MPs' bank accounts are a slightly more mixed bag.

Pay:
It's not just an increase - MPs' pay will be tied to annual growth in average earnings. Given that 2015 average earnings aren't yet known, the increase would actually be between £73,365 and £83,430, but ISPA thought it best that "in recognition of the current difficult economic circumstances we recommend that the salary be set at the lower end of this range: £74,000

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