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 Jerry Hayes Mr Jerry Hayes , Harlow 10:48 am, 18th December 1987

As my hon. Friend's Department spends approximately £47 billion, it is quite remarkable, and to the great credit of civil servants, that they discovered their error at all. I welcome my hon. Friend's statement. It is sensitive and welcome. Does he agree that what the leader of the Liberal party said was quite remarkable? If he successfully proposed a pensioners' index, pensioners would lose.