MPs set for above inflation pay rise to nearly £94,000 MPs are in line for an above inflation pay rise this year to reach an annual salary of £93,904, the body that decides parliamentary salaries has announced.
IPSA said it considers a range of metrics when deciding MPs' pay, including national pay statistics, rewards in the public sector, its own pay principles and the wider economic context.
However, since IPSA was set up in 2011 in response to the 2009 MPs' expenses scandal, all its recommendations for MPs' pay have been accepted.
The Independent Parliamentary Standards Authority (IPSA) has proposed a 2.8% pay rise for MPs for the next financial year from April.
However, because the election was held in July, the first anniversary will be three months after the beginning of the new financial year so IPSA has given its latest pay proposal as an interim measure.
