I can't believe there is not more comment on this one, nicely slipped in with this months ONS Inflation Statement.
They will most likely change the way the RPI is calculated, changing it from an Arithmetic Mean to a a Geometric Mean, which is how the CPI is calculated.
At a stroke 0.5% to 0.9% removed from the RPI.
Pension liabilities reduced, wages reduced.
Ohh they will probably change the way rail fares and student loans are calculated to NEW RPI +4%
Why try and alter the RPI when they brought out the CPI to have a pan European harmonized measure, unless they want to banish all traces of the pesky measure!
I hope they get plenty of public reaction when the so called consultation period opens.
http://www.ft.com/cms/s/0/061ae1c8-018c-11e2-81ba-00144feabdc0.html
http://www.professionalpensions.com/professional-pensions/news/2206274/ons-to-consult-on-revised-rpi-formulae-which-could-wipe-millions-off-scheme-liabilities