Quote:
Originally Posted by Kursk
The RPI change to CPI took place very soon after the crash. An already pummelled public sector accepted it as an inevitability although even Dick Turpin had the decency to wear a mask.
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Following an emergency Budget on 22 June 2010 the Government switched the basis for uprating of Public Sector Pensions uprating to the Consumer Price Index (CPI) instead of being based on the RPI – the CPI was expected to be around 0.8-1.5% lower in each of the following five years than that predicted for the RPI.
This change was implemented from 4th April 2011 and effected the civil service and police, also the armed forces, the NHS and local government, as well as a number of state benefits that were also previously adjusted in line with RPI. It is also had an impact on the basic state pension from April 2012.