- 24 updates
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".
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.
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".
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.
The Education secretary Michael Gove has said the Independent Parliamentary Standards Authority can "stick" their proposed pay rise for MPs.
Mr Gove called ISPA a "silly organisation", and insisted MPs and minsters are paid enough already.
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".
The TaxPayers' Alliance has said a proposal to increasing MPs' pay to £74,000 amounts to "putting up two fingers to the British public".
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.
"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."
Latest ITV News reports
Education Secretary Michael Gove led a backlash against a pay hike for MPs - telling the regulator that proposed the rise to "stick it".
They put in long hours, they work weekends and split their lives between two places of work. So should MPs get a pay rise?