All benefits, tax credits and public service pensions, except the state pension and pension credit, will be increased in line with consumer prices inflation, rather
than retail prices inflation, from next year, saving around # 6 billion a year by the end of the next Parliament.
Not exact matches
Treasury bond
prices rallied and yields on the 10 - year fell to between 2.8 % and 2.85 % following the release of benign
inflation data and weaker -
than - expected
retail sales figures.
One option proposed in a new Government Green Paper would see firms linking annual rises to the consumer
price index measure of
inflation, rather
than the higher
retail price index
The recent NHS pay review body report estimated that by 2019 nurse pay will be 20 % lower in real terms
than in 2010 when
inflation is measured using
Retail Price Index (RPI) and 12 % lower on the Consumer
Price Index (CPI).
But the increase is significantly less
than would have been the case had the government not changed its plan to increase regulated rail fares by
retail price index
inflation plus three per cent.