MPs and MSPs get pay rise of over £2,000 from today as cost of living crisis hits millions

MPs and MSPs have been handed a pay rise from right now of greater than £2,000 to their annual salaries - on the identical day the price of residing disaster hit thousands and thousands of households.

From April 1, members of the Home of Commons will every have their salaries boosted by £2,212-a-year, which implies they may see their pay packet rise to £84,144 from £81,932.

Whereas within the Scottish Parliament MSPs will see their pay rise to £66,662 from £64,470 - a rise of three.4 per cent.

The Impartial Parliamentary Requirements Authority (IPSA), who units MPs' pay independently of parliament and authorities, introduced the rise in February which was broadly criticised because of the present price of residing disaster.

MPs will also receive a pay rise from today
MPs will even obtain a pay rise from right now (Picture: PA)

It comes because the UK's vitality regulator elevated the value cap, that means thousands and thousands will probably be pay lots of of kilos extra for his or her electrical energy and fuel.

For these on default tariffs who pay by direct debit the cap is rising by £693 from £1,277 to £1,971 from right now.

Prepayment clients will see a much bigger leap, with their worth cap going up by £708, from £1,309 to £2,017.

The regulator was pressured to hike the vitality worth cap to a report £1,971 for a typical family as fuel costs soared to unprecedented highs.

Gasoline poverty charity Nationwide Vitality Motion (NEA) warned the price of heating a median residence has now doubled in 18 months, leaving 6.5 million households unable to dwell in a heat protected residence throughout the UK.

NEA chief govt Adam Scorer stated: "That is the largest vitality worth shock in residing reminiscence.

"Hundreds of thousands of individuals will probably be priced out of sufficient ranges of heating and energy. For all of the anticipation of those worth rises, many individuals on the bottom incomes will probably be crushed by the truth.

"High quality of life for thousands and thousands of individuals will plummet. Heat houses, cooked meals, sizzling water, clear garments - all in the reduction of or minimize out. Debt will spiral. Bodily and psychological well being will endure.

"This vitality disaster is about to chunk down laborious on these least in a position to cope."

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