Sunday, 7 September 2014

MPs to get 10% pay rise

Marcial Boo, the chief executive of the Independent Parliamentary Standards Authority (Ipsa), has said that MPs’ pay will rise by 10% next year, taking their salaries to £74,000. Mr Boo said that MPs did an important job and should not be paid "a miserly amount" for their services. In his first interview since taking up the post in June, he told the Sunday Telegraph that MPs needed the pay rise to "catch up" because their £67,060 salaries had fallen behind those of comparable public-sector workers and politicians overseas. Ipsa's reforms will also include reductions in MPs pensions, which will switch from final salary to "career average" schemes, and cuts to their expenses. Resettlement payments for MPs voted out of office, worth tens of thousands of pounds each, will be abolished in favour of modern redundancy deals. Ipsa argues that the package of reforms, including the pay rise, will not add to taxpayers' costs overall.
courtesy of The Sunday Telegraph,

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