Skip to content
CityAM
Main navigation
  • News
    • News
      • Latest Business News
      • Economics
      • Politics
      • Tech
      • Banking
      • FTSE 100 Live
      • Retail
      • Insurance
      • Legal
      • Property
      • Transport
      • Markets
    • From our partners
      • AON
      • Bayes Business School
      • Canada BIDs
      • Central London Alliance CIC
      • Destination City
      • Halkin
      • Olympia
      • Inside Saudi
      • Tottenham Hotspur Stadium
      • Santander X
      • YEAR SIX Dividend
    • Featured

      Strait of Hormuz closed over ceasefire violations, says Iran

      Aerial view of ships navigating the strategic Strait of Hormuz, highlighting its importance to global maritime trade routes

      Submit a story

      Tell us your story.

      Submit
  • Opinion
  • Sport
    • Latest Sports News
      • Sport
      • Sport Business
    • From our partners
      • The Morning Briefing: SBS x CityAM
      • Aramco Team Series
      • LIV Golf
    • Featured

      Platitudes in women’s sport are empty, patronising and offensive

      Business professionals in a conference room discussing strategy with a presentation screen displaying key market trends.

      Submit a story

      Tell us your story.

      Submit
  • Life&Style
    • Life&Style
      • Life&Style
      • Toast the City Awards
      • The Magazine
      • Travel
      • Culture
      • Motoring
      • Wellness
      • The RED BULLETiN
      • Do it with Shared Ownership
      • Media Speak Hub
    • Featured

      Fogo de Chao nominated for Best Casual Dining Toast award

      Fogo de Chão restaurant exterior with vibrant signage and bustling entrance at popular city location

      Submit a story

      Tell us your story.

      Submit
  • Investec
  • Events
  • Latest Paper
Thursday 16 July 2015 7:16 am

MPs handed 10 per cent pay rise to £74,000 despite David Cameron’s objections

By: James Nickerson

Add as a preferred source on Google

The Independent Parliamentary Standards Authority (Ipsa) has confirmed MPs’ salaries will rise from £67,060 to £74,000 – a 10 per cent pay rise.

Ipsa was set up in the wake of the expenses scandal in 2009 to monitor parliamentary expenses, and is responsible for paying salaries and expenses.

The salary increase was approved despite David Cameron personally objecting to it, and some MPs saying it would not be “appropriate”.

Read more: David Cameron tells expenses watchdog to "think again" on MPs pay rise

Two cabinet ministers , Eric Pickles and Nicky Morgan, have previously said they will give the increase to charity.

Ipsa chairman Sir Ian Kennedy said MPs’ pay was a “toxic” topic “which had been ducked for decades”.

We have made an important change to the way in which pay will be adjusted annually. Instead of linking MPs’ pay to wages in the whole economy, it will be linked to public sector pay.

Over the last Parliament, MPs’ pay increased by two per cent, compared to five per cent in the public sector and 10 per cent in the whole economy. It is right that we make this one-off increase and then formally link MPs’ pay to public sector pay

Kennedy also said the rise will not cost taxpayers more as it was combined with cuts to expenses, pensions and severance payments for MPs.

Read more: A rise in MPs salaries makes MPs a little richer but make their job far more difficult job

Jonathan Isaby, chief executive of the TaxPayers’ Alliance, said:

Just a week after the chancellor rightly announced further pay restraint in the public sector, it is totally inappropriate for Ipsa to be pushing forward with this pay hike.

This unaccountable body is doing our MPs a great disservice: the invisible quangocrats at Ipsa may have made this regrettable decision, but the public will inevitably direct their anger at their elected representatives in Parliament.

And people across the UK are not very impressed…

https://twitter.com/KhuramAhmedLive/status/621638962705235968

https://twitter.com/darkestlord/status/621638629115478016

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business
  • Politics

Related Topics

  • David Cameron
  • People

Trending Articles

  • As it happened: Stocks sink after Fed and Bank of England opt for hawkish hold; Oil price tumbles

  • FTSE 100 Live: Pound dips and stocks slip as Andy Burnham victory triggers political uncertainty

  • City investors raise alarm on Burnham’s Chancellor pick

  • Inheritance tax enquiries surge to six-year high after HMRC clampdown

  • More Big Four blues as Deloitte plans to slash UK audit roles

More from CityAM

  • David Lammy rejects higher pay rise for judges amid recruitment crisis

    Legal
    David Lammy speaking at a podium during a press conference, wearing a suit and addressing the audience with a serious expr...
  • Farage to face probe on £5m gift from Harborne

    Politics
    Nigel Farage speaking at Reform UK rally in Birmingham, February 2026, addressing supporters in a crowded venue
  • Labour has become the party of welfare, not work

    Politics
    Keir Starmer and Labour MPs
  • Burnham turns to ex-OBR and Bank of England chiefs on economic policy

    Politics
    British Chambers President Andy Haldane speaking at a business conference, addressing economic growth and industry challen...
  • Rising salaries for junior lawyers put pressure on senior associates’ pay packages

    Legal
    Burges Salmon partners with legal tech startup Wexler to enhance AI-driven litigation support for UK lawyers
  • Defence spending plan delay undermines UK credibility, MPs say

    Politics
    UK defence strategy meeting, officials discussing military advancements and security measures in a conference room setting
  • Jeremy Hunt: Pension triple lock is an ‘anchor drag’ on economic growth

    Politics
    Jeremy Hunt has promised to cut more taxes as “hard work is rewarded”.
  • My generation has only known political chaos

    Opinion
    Westminster Houses of Parliament under clear sky, iconic London landmark representing UK government and politics

CityAM Canada — business, markets and opinion for Canadian readers.

Sections

  • Business
  • Markets
  • Tech
  • AI
  • Economics
  • Opinion
  • Cities

Company

  • About
  • Contact

Legal

  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 CityAM Canada. All rights reserved.
Terms · Privacy · Cookies