MPs are in for a 5% pay rise with salaries set to be just under £100,000. The Independent Parliamentary Standards Authority (IPSA) announced on Monday (March 2) that it decided MPs will be paid £98,599 for 2026-27.

IPSA also said its benchmarking analysis against similar roles in the public sector and other countries showed MPs should be paid around £110,000 by 2029. Richard Lloyd, IPSA’s Chair, said: “The role of an MP has evolved. They are dealing with higher levels of complex casework, and abuse and intimidation towards MPs and their staff has been growing.”

Mr Lloyd added: “In reaching our decision for 2026-27, we have benchmarked MPs’ pay against other responsible, senior roles in civic society and similar worldwide democracies, as well as considering our own core principles and the wider economic context.

“In future years, we will continue to consider prevailing economic and fiscal conditions when confirming annual pay decisions taking into account the experience of people outside of parliament.”

IPSA said that a first step towards paying MPs £110,000 was including a 1.5% adjustment on pay for the next financial year, plus a 3.5% cost-of-living increase.

MPs do not determine their own salaries, which have been set by IPSA since the watchdog was created in 2009 in the wake of the expenses scandal.

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In the past financial year MPs were paid £93,904. This is more than twice the £39,000 average salary for full-time workers in the UK.

John O’Connell, Chief Executive of the TaxPayers’ Alliance, said: “Taxpayers will be seething to see politicians receive an inflation-busting pay rise, all while they suffer a personal recession.

“After years of broken promises, falling living standards and deteriorating public services, MPs are being rewarded for failure with a princely pay boost.

“Politicians should not be insulated from the consequences of their own actions.

“Their pay should be linked to real living standards measured by GDP per capita.”