Thursday, February 11, 2016

British MPs get extra £1,000… their 2nd pay rise in a year...

MPs are set to receive a salary boost of almost £1,000 after the independent parliamentary pay watchdog recommended another rise – the second in one year.

The £952 (US$1,376) increase comes just nine months after the Independent Parliamentary Standards Authority (IPSA) signed off a controversial 10 percent pay hike.

This latest salary rise will see MPs’ pay creep up another 1.3 percent to £74,962 per year, with ministers earning an additional £68,000 on top of that.

The decision was made at an IPSA board meeting on January 20. IPSA defended the move as part of a plan to link MPs pay to public sector wages. Full story...

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