Following a consultation, MPs are set to receive a £2,558 pay rise next week – a 2.8% increase to £93,904.
MPs are set to receive a £2,558 pay rise. (Image: UK Parliament)
MPs are set to receive a £2,558 pay rise in mere days, while Rachel Reeves is expected to announce spending and job cuts. The Independent Parliamentary Standards Authority (IPSA) has confirmed that salaries will rise by 2.8% to £93,904 from April, following a consultation.
This marks another bump up from last year’s 5.5% rise, which elevated their annual earnings to £91,346. MPs’ impending pay hike was confirmed by the Independent Parliamentary Standards Authority (IPSA) following its initial recommendation last month. The 2.8% rise aligns with the broader public sector trend, affecting everyone from NHS staff to teachers.
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Breaking: MP’s to receive 2.8% pay rise for next financial year
IPSA’s Chair, Richard Lloyd, said of the announcement: “IPSA has been responsible for deciding MPs’ pay since 2011. Since then, our aim has been to make fair decisions on pay, both for MPs and the public.
“Our pay proposal for 2025-26 reflects the experience of the wider working public sector population, and recognises both the vital role of MPs and the current economic climate.”
This comes as the Chancellor is expected to announce sweeping spending cuts and axe thousands of civil service jobs in Wednesday’s Spring Statement.
Work and Pensions Secretary Liz Kendall also announced plans to make it harder to claim Personal Independence Payments (PIP) – expected to affect disabled people and the long-term sick.
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The pay rise comes as Rachel Reeves will announce spending cuts. (Image: Getty)
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The Cabinet Office is also due to tell Government departments to slash their administrative budgets by 15% to save £2.2 billion a year by 2029-30.
John O’Connell, chief executive of the TaxPayers’ Alliance, said: “Taxpayers will be frustrated that while their own income is squeezed, MPs will face no such hardship.
“Despite overseeing a soaring tax burden and crumbling public services, Britain’s politicians are once again being rewarded despite their litany of failures.
“MPs’ pay should be tied to GDP per capita, so that their earnings rise only when the country prospers.”
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