Retail Prices Index (Error)

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

Alert me about debates like this

Photo of Mr Nicholas Scott Mr Nicholas Scott , Chelsea 10:48 am, 18th December 1987

The money will be distributed in exactly the same way to those receiving retirement pensions and the other benefits to which I referred. Individuals will be treated on a flat rate, and pensioners will be compensated for rather more than the actual loss that they have suffered. That will be broadly true of other beneficiaries, too. We shall tackle the smaller group in particular. Whereas I can well understand a certain shaking of confidence as a result of the original error being discovered, I hope that the steps announced by my right hon. Friend the Secretary of State for Employment to ensure that this cannot happen again will have done something to restore confidence. Above all, I hope that what I have said today and the way in which we have come to the House and announced the arrangements will restore confidence completely.