Retail Prices Index (Error)

Part of the debate – in the House of Commons at 10:48 am on 18th December 1987.

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Photo of Mr David Steel Mr David Steel Leader of the Liberal Party 10:48 am, 18th December 1987

Will the Minister accept that the only warm reception that will be forthcoming for the statement is bound to be from the charities for the needy and aged, which will welcome £10 million to £15 million unexpectedly coming their way because of the Minister's argument about the administrative cost of paying out money to public service pensioners? Will he be frank with the House and tell us what has been the cost to public expenditure of rectifying this error? What steps have been taken in the Department to ensure that it does not recur? Does he accept that many of us continue to believe that the RPI is not the right yardstick by which to judge payments to pensioners, bearing in mind their cost of living requirements?