MPs pay to increase to £110,000 by 2029
The watchdog has announced that MPs will receive a £19,000 pay rise by the end of parliament.
The Independent Parliamentary Standards Authority (IPSA) said on Monday that an MP’s salary will rise to £98,599 in 2026-27 and £110,000 in 2029.
Announcing the decision, the agency said MPs were facing increasing levels of abuse and were dealing with more complex workloads due to their roles.
This means £12 million more will be spent on the salaries of 650 MPs in the House of Commons by the expected date of the next election.
The announcement comes just 24 hours before Chancellor Rachel Reeves is due to announce her Spring Statement, which includes an update on the nation’s finances and fears she will have to raise taxes again in the autumn.
Money is expected to be tight again as the war in Iran affects energy prices and increases Ms Reeves’s share of the £20 billion.
It also comes at a time when a number of public sector workers, including teachers, doctors, nurses and firefighters, are threatening to strike over limited pay rises.
IPSA temporarily rises by 2.8 per cent to £93,904 in 2025. Last year the body engaged the public in a wide-ranging program of consultation to help make decisions on MPs’ pay over a longer period of time.
In addition, IPSA has launched a process to compare MPs’ salaries with other responsible roles in the wider public sector and with parliamentarians in similar democracies around the world.
The statement said its analysis suggested MPs should receive a salary of around £110,000 in 2029, up from £91,346 at the start of parliament in 2024, by the planned end of the current parliament.
IPSA chief executive Richard Lloyd said: “The role of an MP has evolved. They are dealing with more highly complex cases and harassment and intimidation of MPs and their staff is increasing.
“In reaching our decision for 2026-27 we compared MPs’ salaries with other responsible, senior roles in civil society and similar democracies around the world, while also taking into account our own fundamental principles and the wider economic context.
“In the coming years, we will continue to take into account current economic and financial conditions when approving annual salary decisions, taking into account the experiences of those outside parliament.”
As a first step towards this figure, IPSA’s decision on salaries for 2026/27 includes a 3.5 per cent cost of living increase alongside a benchmark adjustment of 1.5 per cent.
John O’Connell, chief executive of the Tax Payers’ Alliance, said: “Politicians should not be insulated from the consequences of their actions. Their pay should be tied to real standards of living as measured by GDP per capita.”
