MPs to receive 5.5% pay rise, exceeding £90,000
The Parliamentary Standards Authority announces a significant salary increase for MPs, surpassing the current inflation rate.
- MPs' salaries will increase from £86,584 to £91,346 in April, following a 5.5% rise approved by the Independent Parliamentary Standards Authority (IPSA).
- The pay rise is higher than the current inflation rate of 4%, sparking criticism amid the cost-of-living crisis.
- All MPs, including ministers, will benefit from the salary increase, with the Prime Minister's total salary rising to £166,786.
- The increase aims to ensure that serving as an MP is accessible to individuals from all walks of life, reflecting the diversity of society.
- Critics argue that elected officials should show restraint during economic challenges, suggesting that pay rises should only occur when conditions allow.