Friday, July 17, 2015

Fury as MPs are handed 10% pay rise worth £7,000 a year just a week after Osborne ordered four year public sector wage cap...

David Cameron faces a furious backlash after the 10 per cent pay hike for MPs was confirmed today - despite the rest of the public sector being capped at one per cent for another four years.

The Independent Parliamentary Standards Authority said the issue of politicians' salaries could no longer be 'ducked' and it is pushing ahead with the increase from £67,060 to £74,000.

However, the watchdog has climbed down on plans to link their pay to UK-wide average earnings in future - a move that could have left MPs £23,000 better off by 2020. Instead they will be restricted to average rises in the public sector.

The Prime Minister previously branded the substantial boost, backdated to May 8 and tied to cuts in pensions and expenses, 'unacceptable' at a time of austerity.

But last month Downing Street indicated that Mr Cameron will not seek to block the move - and he will personally accept the money. Politicians elected before 2015 - including Mr Cameron - will also see a major boost to their pensions as they are based on final salary. Full story...

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