Chancellor open to RPI reform but up to 'ONS to initiate'

RPI underpins many things such as gilts

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Hammond: 'I am sure that the ONS, should it wish to do so, would find its way to my office relatively easily'
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Hammond: 'I am sure that the ONS, should it wish to do so, would find its way to my office relatively easily'

Chancellor Philip Hammond has said he would be happy to hear about reforming the Retail Prices Index (RPI) as long as the Office of National Statistics (ONS) initiates discussions.

Speaking to a House of Lords committee on 11 September, Hammond (pictured) said he would consider allowing an amendment to the oft-derided inflation measure, which the government dropped for payouts in...

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