Break with RPI
You are quite right that this government is about to restore the link to wages and break the link with RPI.
However, my employer will retain the link to RPI. I wonder how long it will be before the government say that they want to abolish RPI altogther because it is no longer valid and that in future all reference to RPI in any agreements will be amended to read CPI instead.
I wonder if there are moves afoot to do the same with Index Linked Gilts, it has happened before when the 1929 government made War Loan Irredeemable.
However, my employer will retain the link to RPI. I wonder how long it will be before the government say that they want to abolish RPI altogther because it is no longer valid and that in future all reference to RPI in any agreements will be amended to read CPI instead.
I wonder if there are moves afoot to do the same with Index Linked Gilts, it has happened before when the 1929 government made War Loan Irredeemable.
posted by Catch22 at 5:32 AM
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