Sir Ian Kennedy, Independent Parliamentary Standards Authority chair
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MPs' pay: Sir Ian Kennedy explains proposals

The body which sets MPs' salaries has said its plans to give MPs an 11% pay rise will not cost the taxpayer "a penny more" once other changes are taken into account.

The Independent Parliamentary Standards Authority (Ipsa) wants to raise salaries by £7,600 to £74,000 in 2015.

Sir Ian Kennedy, chair of Ipsa, told the BBC the proposals also involved "reducing pensions, which were over-generous, cutting back on golden goodbyes, cutting back on expenses."

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