MPs 'set for £19,000 pay rise each over next four years at a cost to the taxpayer of £12.3MILLION'

MPs' pay is set to rise to £74,000 next year as part of controversial plan
It will then go up in line with average earnings - reaching £86,000 in 2019
376,000 voters sign petition calling for the Government to reject increase

MPs are set to see a pay rise of £19,000 before the next election, it has emerged - at a cost to taxpayers of £12.3million.

After a one-off hike of more than 10 per cent this year, politicians' wages are forecast to rise by at least 3 per cent every year until 2019, reaching a total of £86,000.

The inflation-busting pay rise comes despite an online petition signed by nearly 400,000 people calling for the Government to black the proposals.

MPs are currently paid £67,060 a year, along with a generous expenses regime - and ministers can earn much more.

The Independent Parliamentary Standards Authority, which took over MPs' salaries in the wake of the expenses scandal, has ruled that the wage should increase to £74,000.

Thereafter, salaries will increase annually in line with average earnings, meaning they will rise much faster than inflation.

According to official Government figures salaries are set to rise 3.1 per cent next year, 3.7 per cent in 2017, 4 per cent in 2018 and 4.4 per cent in 2019, ahead of the next general election.

If the forecast is correct, MPs' wages will reach a total of £85,900, 28 per cent higher than they are now.

By contrast, inflation currently stands at just below zero, with little prospect of a significant rise in prices in the near future.

Government frontbenchers earn significantly higher salaries, with the Prime Minister being paid £142,500 - set to rise to £173,475 by 2019.

A total of 376,000 furious voters have signed an online petition asking David Cameron to step in and cancel the proposed pay rise for MPs, while campaigner have called for Ipsa to rethink its plans.

In response to the latest revelations, Jonathan Isaby of the TaxPayers' Alliance said: 'Taxpayers are already livid with Ipsa recommending a pay rise, and their decision to tag future earnings to average pay will rub salt in the wound.

'This overgrown, out-of-touch quango has totally lost its way.'

Ipsa claims that the new deal for MPs' salaries will not cost any more public money, because it will come at the same time at cutbacks in expense allowances.

However, many politicians - including Mr Cameron - have asked the quango to reconsider in the face of overwhelming public opposition.

All of the Labour leadership candidates have insisted they will turn down the proposed pay rise, but most Tory frontbenchers have refused to say whether or not they will accept the money.

Even those MPs who give their additional salary to charity will nonetheless see their pension contributions rise as a result of the new rules.

MPs gave up the right to set their own salaries after details of their expenses were revealed, setting off an explosion of public fury.

Read more: http://www.dailymail.co.uk/news/article-3114272/MPs-set-19-000-pay-rise-four-years.html#ixzz3cPtDqPa0
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FFS!

ridiculous and disgusting when ordinary people are getting little or no pay increase what so ever...