Parliament’s pay watchdog has said MPs’ wages will keep being based on public sector pay – which if current rates continue would earn them a 4.1% rise of around £3,300 next year
MPs are on course for an above-inflation pay rise in April despite the Coronavirus pandemic and hit to the economy.
Parliament’s independent watchdog has announced it intends to keep raising MPs’ pay in line with public sector wages.
While the exact rise will only be announced in December, IPSA said it is “likely to exceed the rate of inflation”.
The latest available measure of annual growth in “average weekly earnings” for the public sector is 4.1%.
If that rate ends up being sustained in the 12 months to August, September and October, MPs would get a pay rise of more than £3,000 from their current salary of £81,932 to £85,291.
That figure on which MPs’ pay is based, and the final announcement, will be unveiled in December.
