The Independent Parliamentary Standards Authority (IPSA) has issued a notice to all parliamentarians about its decision today.
The body, which regulates MPs expenses and pay, stated that it would be unfair to increase wages at a time of economic turmoil as it would not reflect the economic challenges being faced by their constituents.
Currently MPs receive £81,932 a year as a basic wage, with those who are chairs of select committees receiving an additional £16,422.
The Prime Minister can take an additional £54,000 on top of his MPs salary, as well as havign the use of 10 Downing Street accomodation, and a chauffeur-driven car.