Parliamentary Standards (Amendment) Bill

<p>The Bill would amend the Parliamentary Standards Act 2009 to require the Independent Parliamentary Standards Authority to reduce the cost and change the schemes of payment of Members of the House of Commons.</p><p><strong>Key areas</strong></p><ul><li>requires IPSA to prepare a scheme to replace the salaries and certain allowances currently payable to Members with a Members&rsquo; Allowance; the Staffing Expenditure and Constituency Office Rental Expenditure would be retained from the current scheme</li><li>specifies how the Members&rsquo; Allowance is to be calculated and that its budget should be lower than the total expenditure of the current arrangements</li><li>restricts IPSA&rsquo;s administrative costs to 2.5 per cent of the value of payments under the Scheme.</li></ul>