Proceeding contribution from Steve Webb (Liberal Democrat) in the House of Commons on Thursday, 17 February 2011. It occurred during Debates on delegated legislation on Social Security.
Social Security
To be clear, my noble Friend was talking about the indexation of the housing benefit limit of the 30th percentile to CPI. We have said specifically that that will be looked at after two years, so that is a quite separate point. The fundamental point I am making is that the more one looks at the argument for using CPI for pensioners, the more powerful it gets. There is an issue about the role of owner-occupier housing costs, as CPI includes rents and certain housing costs. The CPI advisory committee has said that the ONS should consider whether owner-occupier housing costs should be included. We are entirely open to that proposition and do not rule it out. It is interesting that the CPI advisory committee has already ruled out doing so by lumping in mortgage interest payments in the same way as in RPI. It accepts that putting that into CPI in the way it is put into RPI would not be a good way of doing it. We will obviously consider what the committee comes up with.
Secondary information
- Type
- Proceeding contribution
- Reference
- 523 c1177
- Session
- 2010-12
- Chamber / Committee
- House of Commons chamber
- Subjects
- Index linking Workplace pensions Social security benefits State retirement pensions Uprating Consumer prices index Average earnings
- Legislation
- Guaranteed Minimum Pensions Increase Order 2011
- Social Security Benefits and Up-rating Order 2011
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2024-04-15 12:52:48 +0100
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