U.K. Lawmakers Have Pay Frozen Until at Least April 2013
February 08, 2012, 11:38 AM ESTBy Robert Hutton
Feb. 8 (Bloomberg) -- U.K. lawmakers will have their salaries frozen for another year, the regulator that oversees their pay and expenses said.
Basic pay will remain at 65,738 pounds ($104,000) a year until at least April 2013, the Independent Parliamentary Standards Authority said in an e-mailed statement in London today. The government has frozen the pay of other high-earning public-sector staff as it tries to cut the U.K.’s budget deficit.
“We must be mindful of the conditions in the rest of the public sector where pay has remained static,” IPSA Chair Ian Kennedy said. “It is right that we act in the interim so that MPs’ circumstances more closely reflect those experienced by others.”
--Editors: Andrew Atkinson, Fergal O’Brien
To contact the reporter on this story: Robert Hutton in London at rhutton1@bloomberg.net;
To contact the editor responsible for this story: James Hertling at jhertling@bloomberg.net.
