Switch to CPI shaved £126bn off public sector liabilities

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Switching the indexation of public sector pension benefits from RPI to CPI in March 2011 saved the government £126bn, a report says.

The Whole of Government Accounts 2010/11, published today, show the liability for public sector pensions fell from £1.14trn in 2009/10 to £960bn by March last year. Re-indexing the pension benef...

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