The government has launched consultations on overhauling the Retail Prices Index (RPI) methodology and addressing the net-pay anomaly.
Announced in the Budget today (11 March), the consultation on the reform of RPI methodology will cover the issue of timing, including whether the UK Statistics Authority's (UKSA) proposal might be implemented at a date other that 2013, and if so, when between 2025 and 2030. It also covers issues on technical matters concerning the implementation of its proposal. The consultation asks respondents what the impact on the interests of holders of ‘relevant' and all other index-linked gilts will be, what impacts the proposed changes might have in areas where RPI is used, and which lower lev...
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