MPs’ SALARIES could rise to almost £94,000 a year after the body responsible for their pay recommended an above-inflation increase.

The Independent Parliamentary Standards Authority (Ipsa) announced yesterday that it is proposing a 2.8 per cent rise in April, subject to a consultation.

If approved, this would take an MP’s annual salary from £91,346 to £93,904.

At the start of the last parliament in 2019, MPs were paid £79,468.

The proposal is in line with the government’s recommendations for a wider public-sector pay rise and is slightly above the current inflation rate of 2.5 per cent.

The Bank of England has forecast an increase in inflation later this year.

MPs do not determine their own salaries, which have been set by Ipsa since the watchdog was established in 2011 following the parliamentary expenses scandal.

Ipsa chairman Richard Lloyd said the body aimed to “make fair decisions on pay, both for MPs and the public.”

It will consult on the proposals until mid-March and is also carrying out a wider review of MPs’ salaries, as is required in the first year after a general election.