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Inflation: No change to RPI calculation
Comments
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They were going ahead regardless. They gave the news to the media yesterday, under embargo, as usual, and the media started giving it out this morning. Then something happened, and by 7 am there had been a change of plan.Seems like the ONS (and Govt?) got a flea in the ear at the consultations
"It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis0 -
Whatever its defects the RPI is at least consistent in the way it works. It's good news that the ONS has recognised the importance of maintaining a consistent data series that goes back many decades.
Whether some bonds, prices, payments etc should be tied to the RPI indefinitely is another matter.However hard up you are, never accept loans from your friends. Just gifts0 -
They were going ahead regardless. They gave the news to the media yesterday, under embargo, as usual, and the media started giving it out this morning. Then something happened, and by 7 am there had been a change of plan.
:eek: Can you run that past us again, pqrdf...??? :eek:
Are you saying that the original (embargoed) press release announced that RPI would change but that there was a sudden unexplained u-turn overnight?
That would be a very newsworthy story! Can you elucidate?0
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