I'd actually argue that in the long term, MP wages need to go UP drastically. And any drastic pay cut would have a devastating effect on our government.
£60k for an MP sounds like a lot but how many of you would actually do that for a 60+ hour a week job that involves living away from your home, partner and kids for much of the time? A job where you are damned if you do and damned if you don't.
And who do you think you will attract if you only pay MP's a more 'average' UK wage of £20-30k a year? Two types. At best someone who is too dumb to go work somewhere else for half the hours for the same pay without the commute and hassle. Or someone who is so rich already that they don't care about the salary.
So how many people want even more rich people in parliament? I thought not. How many people want an 'average' person representing them who can't really understand the intricacies of economics or unable to perform on the world stage?
What we desperately need are more intelligent people to become MP's. People who have held down steady jobs, maybe had their own small businesses who understand the trials of having a full time job, juggling family life and making ends meet. And succeeded!
People who have been Doctors, engineers, headteachers, directors of small/medium businesses would in my opinion be ideal. Real experts of their field and in life rather than some rich numpty who has completed a political science degree and never been anything than a career politician.
But those types of people are probably earning very decent money already so offering them a pay cut to do more hours and take on loads of stress??? The whole point is they're not stupid people! What's in it for them?
But as with all things, timing is everything and right now an 11% payrise headline is about as welcome as a fart in a lift. Because no-one will be thinking about the fact that MP's made the IPSA independent as a result of our outcries about them feathering their own nests. So they're screwed either way. Overrule them and the IPSA isn't independent. Accept the rise and be branded rich pigs with the trouts in the trough. Or the fact in exchange for the rise they lose quite a few expenses. All the press have zoomed in on is the 11% headline figure.