The Independent Parliamentary Standards Authority has released its MP pay decision for 2026/27. A 5% pay rise…
“The 2026-27 salary of a Member of Parliament will be £98,599… analysis suggests MPs should receive a salary of around £110,000 by the scheduled end of the current parliament, which IPSA aims to move towards in increments over the next three years. As an initial step towards this figure, IPSA’s decision on pay for 2026-27 includes a 1.5% benchmarking adjustment, as well as a 3.5% cost-of-living increase.”
After a battle nurses are only getting 3.3%. MPs’ staffers are only getting 3.5% from IPSA. Guido hears they are naturally dissatisfied with that. Something to sweeten Labour MPs’ time in Parliament before their ejection…
There has been some confusion over what Budget Man Torsten Bell actually has in his taxpayer-funded office. Guido can bring co-conspirators the sobering details…
Guido’s FOI Unit has retrieved Bell’s IPSA receipts from this year. In April Torsten decided to adorn his office with chairs, cupboards, cutlery, plates, mugs, trays, and a £3 box – all from IKEA. On his spending splurge at the Swedish furniture retailer Bell bought two Ekero armchairs in yellow for £358, a cabinet with smooth sliding doors for £179, a £49 set of sand-glazed plates, and an £85 drawer unit. In total Bell ended up spending £1,123.70 of taxpayer cash at IKEA. He may be interested to know that IKEA’s founder Ingvar Kamprad left Sweden in the 70s to avoid paying eye-watering tax rates including a newly-introduced wealth tax…
The taxpayer coughed up £45 for those items to be brought over by “express truck delivery” and another £94.76 on assembly. Aren’t you meant to assemble them yourself…
In addition Bell’s office is probably scattered with 200 magnetic business cards bought for £76 and a £199 Henry cordless vacuum to hoover them up. In case it gets too sweaty coming up with new taxes Torsten had the taxpayer fund a £350 Dyson Cool AM07 Tower Fan…
In July the Treasury minister also decided he needed to spend £262.50 on the Adobe Premiere Pro suite which gives you access to photoshop and advanced video editing. Can’t polish a…
Parliamentary watchdog Independent Parliamentary Standards Authority (IPSA) has just announced its recommendation that MP pay increases by 2.8% in 2025/2026. They are currently paid £91,346…
That would push MPs’ pay to £93,904 – £61 million a year for the lot of them. Quite the packet for a glorified councillor…
The General Election turned out to be quite the expensive affair for the British taxpayer — and not just because Labour grabbed the keys to Downing Street. According to a report from IPSA, a staggering £52.5 million was splashed out on severance packages, office closures, and setting up offices of newly-elected MPs after 350 MPs were shown the door. The report begins with a sombre message: “On Friday 5 July 2024, 2,373 people lost their job”…
Taxpayers forked out an average of £35,200 per MP to cover redundancy payments for both departing MPs and their staff — a steep rise from £19,900 in 2019. With 175 Tory MPs getting the boot in July, that’s £6.16 million in golden goodbyes just for the previous governing party. Cheers Rishi…
Former Treasury minister and adviser to Burnham in the Makerfield campaign Lord Jim O’Neill, who has turned down a role in his government, said Burnham’s first statement Commons was:
“The last thing investors wanted to hear… gilt yields have risen by a 0.25% in one day, which is a lot. We’ve not had that since Liz Truss days… If your country is under the focus of ‘can they come up with a sensible fiscal strategy’ on a day when the markets think ‘well no, you’re not showing any sign of it’ you’re going to have a tough day…if it stays like this your mortgage rate is going up.”