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Sunday, 2 August 2009

MPs' pay now 4 times higher

According to the Mail:
"Parliament sat for just 146 days in 2007, a joint record low for a non-election year – and equal to just 29 working weeks at Westminster. It compares with an average of 209 days a year since the Second World War. The official report by the Commons authorities also shows that inflation-busting rises in their wages and expenses have doubled the cost of an average MP from £125,000 a year to £250,000 in less than 20 years."
So, after the war, MPs worked more than twice the number of days for what looks like half the salary. This becomes clearer when you look at their per hour pay:

Period No. Days worked p.a. Hours per day Annual pay Hours per year Pay per hour
Post-war 209 9.11 £125,000 1904 £66
2007 146 7.67 £250,000 1119 £223

Therefore MPs have, over recent decades, increased their pay by a factor of 4.

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