MPs' pay set to rise to £74,000

The MPs' expenses watchdog, the Independent Parliamentary Standards Authority, has recommended that MPs' salaries should be increased by £6,000 to £74,000 in 2015. But they face restrictions on their expenses and pension schemes.

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MPs' pay rise 'to be offset by curbs to expenses'

Independent Parliamentary Standards Authority's (IPSA)) chairman Sir Ian Kennedy has defended MPs' planned pay rise, saying the extra salary costs would be offset by curbs to expenses, pensions and "golden goodbyes".

He told ITV News that IPSA were "doing something which will last for a generation, not go with the drift of whatever the political wind is".

The pay hike has received widespread criticism from politicians with Education Secretary Michael Gove telling the regulator to "stick it".

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Your views: Raising MPs' salaries to £75,000

Users of ITV News' Facebook page have been giving their thoughts on a proposal to give MPs a pay rise of more that £6,000, bringing their salaries to £74,000.

Most people are lucky if they even get a 1% pay rise. Most have taken pay cuts to keep their jobs so to me a 12% pay rise is ridiculous considering the financial trouble this country is supposed to be in or do the financial troubles only apply to those on low incomes and not earning a ridiculous amount already.

Seriously, the independent expenses watchdog needs to take a reality check.

– Michelle Reitsma

Quite honestly I think it is right to give an increase but maybe half that proposed and half later on.

They do an important job worth billions and are not adequately rewarded.

But then their expenses must be limited to true expenses, and not fictitious ones... 12 % is too high in one go!!

– Colin Smith

This is £1,444 .5 pence per week. And they cut our benefits. Why can't they reduce what they get paid and live on less. My benefit rate would take me 17 weeks to reach what they get in one week.

– Gill Preston

Branson: Attract 'higher quality' MPs by improving pay

Sir Richard Branson has said a wage increase for MPs could be a good thing for the country because it will attract "higher quality politicians."

In a blog on the Virgin website, Branson argued that "countries would be able to attract higher quality politicians by offering them greater rewards".

Sir Richard Branson. Credit: Press Association Images

The Virgin founder also suggested the cost could be offset by reducing the number of politicians and the size of parliament.

Branson believes changes in pay could help reduce corruption and produce a more efficient and effective government which could improve the global economy.

Read: Most MPs work hard, so should they get paid more?

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Labour leader Ed Miliband: I will not accept a pay rise

Labour leader Ed Miliband has said he will not accept a pay rise due to the ongoing economic difficulties affecting the rest of the country.

The Independent Parliamentary Standards Authority has recommended increasing MPs' salaries by 9.26 per cent to £74,000 in 2015.

Mr Miliband said it was not right to expect the public to accept a pay rise for MPs during the "biggest crisis in living standards for a generation".

TaxPayers' Alliance: MPs' pay rise is an insult

The TaxPayers' Alliance has said a proposal to increasing MPs' pay to £74,000 amounts to "putting up two fingers to the British public".

The idea of hiking MPs' pay when everyone else has been suffering such a squeeze on their earnings is totally unpalatable. MPs do an important job and work hard, but they already earn nearly three times the national average and more than most of their European counterparts.

The extensive research commissioned by Ipsa has demonstrated that people think the current level of pay to be broadly fair, so this announcement amounts to an unaccountable quango putting up two fingers to the British public.

– TaxPayers' Alliance chief executive Matthew Sinclair

Ed Miliband voices opposition to rise in MPs' salaries

Labour leader Ed Miliband said he did not believe the suggest rise in MPs' salaries should go ahead - and confirmed he would not take it if it did.

Labour leader Ed Miliband. Credit: Press Assocation

"I don't think MPs should be getting a 10 per cent pay rise when nurses and teachers are facing either pay freezes or very low increases and people in the private sector are facing similar circumstances.

"I'm very clear - I don't think this package of proposals should go ahead in the current economic circumstances."

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