The right hon. Gentleman rightly says that the consumer prices advisory committee is looking at how owner-occupiers' housing costs can be included in CPI—as he will appreciate, rent is already included in CPI. The committee has rejected the retail prices index approach in respect of mortgage interest and is looking at a range of alternatives. I understand that it is due to report in early 2013. I have said consistently that we will look at what it comes up with. Each year, as he knows, the Secretary of State must take a view on the general increase in prices, and will certainly have regard to the work of the committee in doing so.
Pensions and Social Security
Proceeding contribution from
Steve Webb
(Liberal Democrat)
in the House of Commons on Thursday, 23 February 2012.
It occurred during Debates on delegated legislation on Pensions and Social Security.
About this proceeding contribution
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540 c1042 Session
2010-12Chamber / Committee
House of Commons chamberSubjects
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