Politics

MPs will recive a £2,000 pay increase this year

MPs Are Getting A £2,000 Pay Rise This Year, which will anger many people struggling by on meagre wages.

MPs are to receive a 2.7% pay rise this year, well above the rate of inflation and taking their basic salary for 2019/20 from £77,379 to £79,468.

The extra salary will be effective from April 1, and is well above the current inflation rate of 1.8 per cent on the main CPI measure. At a time when MPs have failed time and time again to come to any form of agreement over Brexit, it may feel to some, as a reward for failure

It follows a 1.8% boost to MPs’ pay last year, 1.4% in 2017, 1.3% in 2016 and a huge hike from £67,000 to £74,000 in July 2015.

The rise is automatic and is not subject to any sort of vote over the decsion in the House of Commons.

Ipsa (Independent Parliamentary Standards Authority) said: “This is in line with our determination on MPs’ pay, published in July 2015, where we committed to adjusting MPs’ pay at the same rate as changes in public sector earnings published by the Office of National Statistics (ONS).

“This was confirmed in July 2018 following a further review of MPs’ pay.”

MORE TO FOLLOW

https://www.thelondoneconomic.com/news/firm-responsible-for-kfc-running-out-of-chicken-gets-no-deal-brexit-contract-for-medical-supplies/28/02/

Joe Mellor

Head of Content

Published by