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U.K. Lawmakers Want 31% Pay Increase, Parliament Watchdog Says

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Jan. 10 (Bloomberg) -- Most U.K. House of Commons lawmakers believe they are underpaid and that their salaries should be increased by almost a third, according to a survey carried out for Parliament’s pay and expenses watchdog.

The anonymized survey, published by the Independent Parliamentary Standards Authority in London today, showed that 69 percent of the lawmakers questioned think they don’t earn enough. The average salary suggested by those regarding themselves as underpaid is 86,250 pounds ($139,000) a year, up from 65,738 pounds at present.

IPSA, which has taken over the setting of lawmakers’ pay from members of Parliament themselves, said salaries for legislators will be increased by 1 percent this year and next in line with the rest of the public sector. They’ve been frozen since 2010 to help cut the budget deficit. Parliament also voted this week to cap increases in welfare benefits at 1 percent until 2016.

The watchdog said it had ruled out introducing performance-related pay, regionally varied pay or salaries that reflect outside earnings.

To contact the reporter on this story: Eddie Buckle in London at ebuckle@bloomberg.net

To contact the editor responsible for this story: James Hertling at jhertling@bloomberg.net

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