MPs' pay rise will 'not cost the taxpayer a penny more'

The chairman of the Independent Parliamentary Standards Authority (Ipsa) has defended his decision to increase MPs' pay, arguing that the overall package will "not cost the taxpayer a penny more".

Speaking to ITV News, Sir Ian Kennedy said the authority had been playing "catch up" after previous recommendations to increase MPs' pay were ignored.

Read: The public deserves a mature debate on MPs' pay rises

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Watchdog recommends MPs pay rises to £74,000

The Independent Parliamentary Standards Authority has published its recommendations to increase MPs pay to £74,000 in 2015.