HM Treasury is reforming the Retail Prices Index (RPI) methodology and establishing an 'Uprating Guarantee' to ensure consistent annual uprating of benefits and pensions using a stable measure such as prices. The reform addresses uncertainty in how benefits are uprated year-to-year and aims to implement consistency from financial year 2025–26 onwards.
In response to: A consultation on the Reform to Retail Prices Index (RPI) Methodology
In response to: A consultation on the Reform to Retail Prices Index (RPI) Methodology
In response to: A consultation on the Reform to Retail Prices Index (RPI) Methodology
In response to: A consultation on the Reform to Retail Prices Index (RPI) Methodology
At Budget on 11 March, the government and UK Statistics Authority (UKSA) launched a consultation on UKSA’s proposal to address the shortcomings of the Retail Prices Index. The consultation closed for responses on 21 August.
At Budget on 11 March, the government and UK Statistics Authority (UKSA) launched a consultation on UKSA’s proposal to address the shortcomings of the Retail Prices Index. The consultation closed for responses on 21 August.
At Budget on 11 March, the government and UK Statistics Authority (UKSA) launched a consultation on UKSA’s proposal to address the shortcomings of the Retail Prices Index. The consultation closed for responses on 21 August.