MPs on the parliamentary Treasury committee have told the government it must stop using the Retail Prices Index (RPI) for "any indexation purpose where legally possible".
The demand came after the government conceded the index, which was derecognised as a national statistic in March 2013, can be unfair on businesses and removed the link between the index and business rates...
IA sectors – help or hindrance?
Despite multiple complaints
Annuity market worth £4bn in 2017
For ‘distress’ caused