The brouhaha over the impending proposal by the Independent Parliamentary Standards Authority to increase MPs pay to £74,000 is understandable. It seems perverse to be considering an 11% pay rise on a £66,000 base salary at a time when most other public sector workers are in the middle of a long period of real wage stagnation.
The cross-party rush by frontbench politicians to publicly distance themselves from the IPSA’s recommendation is equally understandable, even if it is known that many MPs say something rather different in private. They can see it would be politically damaging to accept such a pay rise now. It risks further reinforcing the reputation of politicians as self-interested and out-of-touch. David Cameron stated that the total cost of politics needs to be going down not up.
Of course, some of those graciously foregoing the payrise are independently wealthy so it will hardly make much of a difference to them one way or the other. [Read more...]