MPs are in line for an above inflation pay rise this year to reach an annual salary of £93,904, the body that decides parliamentary salaries has announced.

The Independent Parliamentary Standards Authority (IPSA) has proposed a 2.8% pay rise for MPs for the next financial year from April.

This would take their annual pay from £91,346 to £93,904 and represents a rise of nearly £20,000 over the past 10 years.

MPs also claim expenses for their staff, office costs, accommodation and travel.

Politics latest: Labour MP facing suspension over WhatsApp messages

IPSA said the increase is “in line with government pay recommendations for public sector workers”.

Its proposal will go to consultation. However, since IPSA was set up in 2011 in response to the 2009 MPs’ expenses scandal, all its recommendations for MPs’ pay have been accepted.

The rise is above inflation which stands at 2.5% – above the Bank of England’s 2% target.

IPSA said it considers a range of metrics when deciding MPs’ pay, including national pay statistics, rewards in the public sector, its own pay principles and the wider economic context.

Richard Lloyd, IPSA’s chair, said: “Our aim has been to make fair decisions on pay, both for MPs and the public.

“Our pay proposal for 2025-26 reflects the experience of the wider working public sector population, and recognises both the vital role of MPs and the current economic climate.”

Read more from Sky News:
Labour MP ‘deeply regrets’ WhatsApp comments
More than 600 immigration arrests in January

IPSA has to review MPs’ salaries within the first year of a new parliament.

However, because the election was held in July, the first anniversary will be three months after the beginning of the new financial year so IPSA has given its latest pay proposal as an interim measure.

It will have to review pay again in July – and will carry out a wider consultation on how MPs’ pay is set to determine how much they should be paid from 2026.

Last year, MPs had a 5.5% salary increase.