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Proceeding contribution from Lord Northbrook (Conservative) in the House of Lords on Tuesday, 20 November 2007. It occurred during Debate on Pre-Budget Report 2007.


Pre-Budget Report 2007

My Lords, my point was: how can public sector employees be expected to be bound by the CPI when their cost of living is based on the RPI? It is difficult for them to accept 2 per cent pay increases when their rate of inflation is over 4 per cent, and could be more.


Secondary information

Type
Proceeding contribution
Reference
696 c822-3 
Session
2007-08
Chamber / Committee
House of Lords chamber
Subjects
Borrowing Fiscal policy Financial markets Economic and monetary union Economic policy Economic growth Inflation Public expenditure Monetary policy Public finance Public sector debt Stability and Growth Pact
Link
View this Proceeding contribution on www.publications.parliament.uk