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

I am surprised at the hon. Gentleman's lack of generosity of spirit. I have sought to explain clearly and, I hope, patiently, why the administrative costs of seeking to reimburse everybody for any sum that they had lost, however trivial, would have led to wholly disproportionate administrative expenditure. We have come forward to make quick, generous, flat-rate payments to long-term beneficiaries, to make other arrangements for those who suffered disproportionately large losses and to ensure that no benefit flows to the Exchequer as a result of this mistake, by making money available to charities to meet the needs of those involved.