MPs will be bracing for public anger (Image: ?UK Parliament/Maria Unger)
Taxpayers have reacted with fury after it was announced MPs are to receive an inflation-busting 5.5% pay rise next year, despite the cost of living crisis.
For the first time, MP pay is set to top £91,000 a year thanks to a luxurious 5.5% increase in 2024/5.
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The independent Parliamentary Standards Authority today announced that MP pay rises will compare to senior civil service pay rises agreed recently
The IPSA board preempted backlash from cash-strapped voters, saying: "Determining MPs' pay is not a responsibility we take lightly".
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"Our pay principles require us to balance the need to enable people from all backgrounds and financial positions to serve in Parliament with the reality of what is going on in the wider economy."
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MP pay rises each year by percentage (Image: IPSA)
MPs' wages have increased by 39% since 2010, compared to just 8% for the average Brit.
If a typical voter in 2010 had achieved the same rate of pay increase over the last 14 years, they'd have an extra £8,000 a year in their pay packet.
Reacting to the news, the Taxpayer’s Alliance said taxpayers will be “aghast at this inflation-busting pay rise”.
John O’Connell, the think tank’s chief executive, added: “While households struggle to stay above water due to frozen thresholds, MPs are set to benefit further from the linking of their salaries to public sector pay”.
“Elected officials should show restraint and only accept rises when conditions allow.”
Under the previous pay rise metric used by IPSA, MPs would have enjoyed an even greater 7.1% pay rise, however the methodology was changed this year.
Previously MPs' pay rose in line with average pay rises for the public sector, however one-off payments to public sector staff - driven by union strikes in some sectors - saw this metric abandoned this year.
Peers in the House of Lords are also on track to receive a similar increase to their tax-free daily 'attendance allowance'.
Lords can currently pocket a healthy £342 just for turning up each day.
MPs salaries have increased nearly 40% since 2010 (Image: Getty)
The news of MPs’ impending pay day bonanza inevitably sparked instant outrage on social media.
One X user described the rise as “disgusting”, while another fumed: “This bunch don’t deserve it”.
A third ranted: “How utterly ridiculous! Incompetence, stupidity and laziness on all sides of the house are rewarded”.
A LibDem election candidate for Mid Cheshire, Jack Price-Harbach, commented that MPs may be “one of the very few occupations in the country not affected by the cost of living crisis”.
Another furious Tweeter added that the “magic money tree [is] at it again”.
However one individual did chip in to defend the high salaries, arguing that “people in charge of running the country should be paid £90k a year”.
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They did concede that is “a very unpopular opinion” and that “many of the current MPs for all parties are just not up to the job”.
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In January last year, Sky News revealed that MPs had raked in over £17 million of outside earnings since 2019 on top of their salaries.
Tory MPs made up a whopping £15.2 million of that sum.
Last night it was reported that one Minister wants to avoid an early General Election as it will give younger MPs “to earn a few more months salary over the summer”.
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