MPs will enjoy £1,000 pay hike, while average worker endures 10% real term wage drop

MPs will see their salaries rise by over £1,000 next April, in the second pay hike in just one year, despite average UK earnings falling by over 10 percent in real terms over the past 10 years.
The Independent Parliamentary Standards Authority (IPSA) approved the rise just months after the body pushed through a controversial 1.3 percent salary increase.
The £1,049 pay hike represents a 1.4 percent salary jump, and will see MP’s annual earnings rise from £74,962 to £76,011.
Read more: MPs will enjoy £1,000 pay hike, while average worker endures 10% real term wage drop