Indexation Of Pensions And Benefits

EDM number 1032 in 2010-12, proposed by John Robertson on 17/11/2010.
Categorised under the topics of Benefits policy and Pensions.

That this House notes the Government's proposal to use the Consumer Price Index (CPI) rather than the Retail Price Index (RPI) for the price indexation of benefits, tax credits and public service pensions; further notes that the CPI is consistently lower than the RPI; expresses concern over the impact that this will have on the incomes of pensioners and other vulnerable groups; recognises the concerns held by the Royal Statistical Society and the UK Statistics Authority that CPI excludes many housing costs which are borne by the majority of pensioner households; and calls on the Government to take these concerns into account and postpone the change from RPI to CPI until the appropriateness of CPI as a measure of price increases borne by pensioner households can be fully evaluated.

This motion has been signed by a total of 138 MPs, 1 of these signatures have been withdrawn.