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Finance Bill

That may or may not be the case. My point is that the Treasury has decided, without really publicising the fact, to switch the way that it measures price rises. A great fanfare was attached to the notion of the triple lock and raising pensions by prices, by average earnings or by 2.5%, whichever was higher. Somehow missing from that presentation, however, was an acknowledgment that RPI would be higher than any three of those measures in 2012, with the price being paid by Britain's pensioners.