Assembly Members from all four parties have said they are ready to see their salaries frozen for four years after the National Assembly election on May 5.

Remuneration Board Chairman George Reid said: "I welcome this determination by AMs to play their part in addressing the challenges of the current economic situation, which is seeing widespread pay freezes in both the public and private sector.

"Allowing for inflation, the Assembly freeze is equivalent to a saving of £1m over the next four years."

The Board is the independent statutory body responsible for determining the salaries and allowances of AMs and their staff.

The Board has commissioned a detailed study on median pay levels in Wales from two of its members, Professor Monojit Chatterji and Mary Carter, both experts in this field.

"We are determined to link our proposals to the earnings of the people of Wales," said George Reid.

The Board is also looking at the pay of Assembly Members' support staff.