The Independent Parliamentary Standards Authority has a legal duty to set MPs’ pay, independently of Parliament and government.
In 2015 IPSA decided to adjust MPs’ pay at the same rate as changes in public sector earnings published by the Office of National Statistics (ONS).
The annual adjustment to MPs’ basic pay for 2023-24 will therefore be the same as the average increase in pay for public sector employees last year, an increase of 2.9%, bringing the overall salary from £84,144 to £86,584 from 1 April 2023.
Richard Lloyd, IPSA’s Chair, said:
“In confirming MPs pay for next year, we have once again considered very carefully the extremely difficult economic circumstances, the government’s evolving approach to public sector pay in the light of forecasted rates of inflation, and the principle that MPs’ pay should be reflective of their responsibility in our democracy.
“Our aim is to ensure that pay is fair for MPs, regardless of their financial circumstances, to support the most diverse of parliaments. Serving as an MP should not be the preserve of those wealthy enough to fund it themselves. It is important for our democracy that people from any background should see representing their communities in Parliament as a possibility.”
For more information about how IPSA sets MPs’ pay please read How does IPSA decide MPs’ pay?
