Clause 8

Part of Finance (No. 3) Bill – in a Public Bill Committee at 6:15 pm on 10th May 2011.

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Photo of David Gauke David Gauke The Exchequer Secretary 6:15 pm, 10th May 2011

The impact of the change from the RPI to the CPI will depend on what those indices do in the years ahead. The RPI generally tends to be a higher than the CPI. For example, if we had an increased the figure of £10,100 by the CPI rather than the RPI, the result would have been £10,500 rather that £10,600.