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.
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?
As the MPs' salary debate continues, Sir Peter Bottomley defends the work of MPs and addresses the issue of whether they are paid enough.