Parliamentary watchdog announces planned MPs’ salary increase to £110,000 by 2029

In Brief

The Parliamentary Standards Authority plans to raise MPs’ basic salary to £110,000 by 2029, citing workload and abuse concerns.

Key Facts

• The Parliamentary Standards Authority announced a £5,000 pay increase for MPs this year
• MPs’ basic salary will rise to £98,599 in the next financial year
• The salary is planned to reach £110,000 by the end of the current parliament
• The pay rise represents an approximate 5% increase over the next financial year
• The Parliamentary Standards Authority cited increased abuse and constituency workloads as reasons for the pay rise

What Happened

The Parliamentary Standards Authority (IPSA) announced that MPs will receive a £5,000 pay increase this year, raising their basic salary to £98,599. IPSA stated that the salary is planned to reach £110,000 by the end of the current parliament, representing a 5% increase over the next financial year. IPSA cited increased abuse, intimidation, and growing constituency workloads as factors in their decision.

Why It Matters

The planned pay rise reflects IPSA’s assessment of MPs’ working conditions, including reported increases in abuse and workload. This decision may influence parliamentary budget planning and public discussions regarding MPs’ remuneration. The announcement provides insight into IPSA’s considerations for adjusting MPs’ salaries during this parliamentary term.