UK Parliament / Open data

Education Bill

Before the Minister stands up, perhaps I could try to be helpful. This is a key question. My understanding is that the only circumstance in which RPI is lower than CPI is when mortgage interest rates are falling and that is relatively unusual, although we have experienced a bit of that recently. When the Chancellor made his announcement about making the shift from Rossi to CPI, he was honest enough to say that it was to save money—it would save £6 billion to the Exchequer. Would it not be easier for the Minister to have the same sort of honesty as her right honourable friend in the Government and say, ““It’s to save money””?

About this proceeding contribution

Reference

730 c300GC 

Session

2010-12

Chamber / Committee

House of Lords Grand Committee
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