MPs to get 2.9% pay rise

Basic salary to increase to more than £86,500

MPs will receive a 2.9 per cent pay rise from 1 April, taking their salaries from £84,144 to £86,584, their financial watchdog has announced.

The £2,440 salary increase comes as households across the UK grapple with cost-of-living pressures, and a wave of strikes by nurses, railway workers, teachers and others over pay disputes as inflation hovers around 10 per cent.

The Independent Parliamentary Standards Authority (Ipsa) said the increase was the same as the average rise for public-sector employees last year.