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".

ITV News Political Editor Tom Bradby reports:

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

Read: Tory MP on working hard and paying MPs enough

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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.