UK MPs in line for 7.1% pay rise, to £92,700

ER Editor: This Daily Mail report below comes from Dec. 18, 2023.

This is an interesting topic to research on Twitter/X. We’re sure the taxpaying public will understand.

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MPs are in line for 7.1% pay rise to £92,700 in April – with tax-free daily allowance for peers set to hit £366 – after bumper public sector settlements

JAMES TAPSFIELD for MAIL ONLINE

MPs are in line for a 7.1 per cent pay rise in April after a series of bumper public sector settlements.

The metric usually used to set politicians’ salaries would see them rise by more than £6,000 to £92,731.

Peers are also on track for a big windfall, with their tax-free daily ‘attendance allowance’ likely to be increased by the same proportion, from £342 to £366.

The hike would be the highest for MPs since their salaries were dramatically boosted in a review in 2015, and could be controversial as CPI inflation is running at 4.9 per cent and expected to be falling further next Spring.

It is larger than the 5 per cent award for most NHS staff this year, although that was accompanied by lump sums.

The Commons watchdog will not confirm the pay increase for MPs until the New Year, and does have wriggle room to adjust the level.

In Independent Parliamentary Standards Authority (Ipsa) spokesman said: ‘The IPSA Board will make a decision in the New Year.’

Ipsa was given control of politicians’ salaries after the credit crunch, and the watchdog has linked increases to a specific metric on changes in average public sector earnings for October.

That figure has come in at 7.1 per cent, having dipped sharply from the 12.5 per cent recorded in August.

The House of Lords has committed to following the uprating used by the Commons.

CONTINUE READING HERE

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Published to The Liberty Beacon from EuropeReloaded.com

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