The cost-of-living crisis has begun to bite but lucky MPs will be (partly) protected from the pinch. Their salaries are set to be hiked next month by £2,200 from £81,932 to £84,144 a year, following a review by IPSA, the independent watchdog established in the wake of the expenses scandal. The hike is set to coincide with energy bills soaring for millions of families and a National Insurance hike tax for workers – plus the consequences of whatever sanctions Mr Putin decides to inflict on us.
Understandably there’s been a bit of a backlash against the pay increase, with some in the Commons pledging to donate the extra cash to local charities. But the salary hike isn’t the only funding increase our elected masters will get to see. For IPSA have also increased their staffing and accommodation budgets by amounts higher than the 7.25 per cent peak of inflation predicted by the Bank of England for April.
Take the MPs’ accommodation budget for rental costs between 2021/22 and 2022/23.
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