Ipsa to boost MPs pay to £73,365

The Independent Parliamentary Standards Authority's (Ipsa) original report conceded there is no "compelling evidence" that MPs' current salary level is deterring candidates, making people leave Parliament, affecting the diversity of the House or lowering the standard of ministers.

Sir Ian Kennedy, Chairman of the Independent Parliamentary Standards Authority. Credit: Katie Collins/PA Archive/Press Association Images

Ipsa said it had looked at increasing the current salary of £66,396 to anywhere between £73,365 and £83,430, but opted for the lower end "in recognition of the current difficult economic circumstances".

After 2015 wages would increase annually in line with average UK earnings.

Read: MPs to be handed a £7,600 pay rise

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PM: MPs' pay rise 'unacceptable'

David Cameron has said he thinks it would be "simply unacceptable" for MPs to get a pay rise "at a time of public sector pay restraint". A proposed 11% rise would take MPs' standard salary to £74,000 by 2015.