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Harmonised Index Of Consumer Prices

Volume 407: debated on Tuesday 24 June 2003

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To ask the Chancellor of the Exchequer what assessment he has made of the impact upon inflation-linked pensions of the adoption of the harmonised index of consumer prices.[121051]

In his statement on 9 June the Chancellor confirmed that pensions and benefits and index-linked gilts would be calculated on exactly the same basis as now. The Chancellor had previously made clear that the Treasury review of the inflation target was being examined from a monetary policy perspective.