Worth reading to get ALL the low down in one place.
The Independent Parliamentary Standards Authority (IPSA) has today called for the salary of Westminster MPs by £8,000, bringing the annual wage for a backbench MP to £74,000. Much of the justification for this rise is based on a popular theory that MPs are not paid enough, but does this statement stand up to closer inspection?
What are MPs Paid?
The salary package for a member of parliament in the UK House of Commons consists not solely of the basic salary, but a wide range of allowances and expenses, pension and a particularly generous ‘exit package’. The figures below are taken from the House of Commons Library’s Members Pay and Expenses – Current Rates from April 2013 report. (click to enlarge)
On top of this MPs are able to claim:
|Subsistence (Overnight sitting):||£25|
|Taxi Late Night Sitting:||£80|
|Winding Up Expenditure:||Winding up their offices (does not include…|
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