New MPs’ Pay Package Costs Half a Million More a Year

IPSA’s 11% pay increase for MPs includes:

  • a salary of £74,000 in 2015, indexed to average earnings in the whole economy thereafter;
  • a new pension on a par with those in other parts of the public service, saving the taxpayer millions;
  • scrapping out-of-touch “resettlement payments” worth tens of thousands of pound per MP and introducing more modest, modern redundancy packages, available only to those who contest their seat and lose; and
  • a tighter regime of business costs and expenses – ending the provision for things such as evening meals.

They are spinning hard by throwing expenses into the mix so overall they can say money is being saved. On pay alone this is a net cost of £500,000 a year….



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GuidoFawkes Quote of the Day

Adam Boulton says David Cameron campaigned as a neo-Thatcherite…

“The manifesto programme, with its sell-off of social housing, clampdown on public sector strikes, EU in/out referendum and benefit cuts, represents a much more traditional, neo-Thatcherite conservatism than that offered by Cameron Mk 1…”

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