Iain and Tim both wrong
Iain Dale and Tim Worstall are at oppositie ends of the argument as to how much MPs should get paid.
Iain as a wannabe MP thinks MPs ought to be paid gazillions, and having learnt how he has had to sell the roof from over his head to finance his attempts to become one, he argues with some passion. His disinterested argument is simply, you pay peanuts you get monkeys.
Tim can be summed up that as we only get monkeys they only deserve peanuts, and that is generous as a length of hempen rope and a lamp post would be more fitting for most.
There is a simple, fairer and more democratic answer. Let prospective MPs, like a job applicant say what their salary expectations are. Put it in their manifestos. "I'm worth £100,00 a year and double that in expenses because I'm jolly clever and will work hard". We will soon judge who is worth what.