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
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- Timestamp
- 2023-12-16 01:51:43 +0000
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_423403
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