The Treasury select committee has told the government it must stop using the Retail Prices Index (RPI) for "any indexation purpose where legally possible".
The demand came after the government conceded the index, which was derecognised as a national statistic in March 2013, can be unfair on businesses and removed the link between the index and business rates...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date
