You're getting how much?

Why, precisely, should MPs get an 11% pay rise at a time when other public servants have been offered a 1% increases? And why do we even need IPSA? Wouldn't it be better / fairer / less politically difficult to tie parliamentary salaries increases to median public sector wages?

If, as in some of our colonies, there are scarcely any fit persons who can afford to attend to an unpaid occupation, the payment should be an indemnity for loss of time or money, not a salary. The greater latitude of choice which a salary would give is an illusory advantage. No remuneration which any one would think of attaching to the post would attract to it those who were seriously engaged in other lucrative professions, with a prospect of succeeding in them. The occupation of a member of Parliament would therefore become an occupation in itself, carried on, like other professions, with a view chiefly to its pecuniary returns, and under the demoralizing influences of an occupation essentially precarious. It would become an object of desire to adventurers of a low class; and persons in possession, with ten or twenty times as many in expectancy, would be incessantly bidding to attract or retain the suffrages of the electors, by promising all things, honest or dishonest, possible or impossible, and rivaling each other in pandering to the meanest feelings and most ignorant prejudices of the vulgarest part of the crowd.

Mill, J.S., (1861), Considerations on Representative Government