Retail Prices Index — Question

Part of the debate – in the House of Lords at 11:14 am on 14 November 2012.

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Photo of Lord Naseby Lord Naseby Conservative 11:14, 14 November 2012

My noble friend positions this as a mechanistic change, which is what the ONS suggests. Nevertheless, is it not true that one of the options is basically looking to a change which will be virtually 1% off RPI? That is hardly mechanistic. In terms of consultation, can we now hope that the ONS will have a full and open consultation and extend the date beyond 30 November so that people can respond?