Proceeding contribution from Lord Knight of Weymouth (Labour) in the House of Lords on Tuesday, 4 October 2011. It occurred during Debate on bill and Committee proceeding on Education Bill.
Education Bill
Before the Minister stands up, perhaps I could try to be helpful. This is a key question. My understanding is that the only circumstance in which RPI is lower than CPI is when mortgage interest rates are falling and that is relatively unusual, although we have experienced a bit of that recently. When the Chancellor made his announcement about making the shift from Rossi to CPI, he was honest enough to say that it was to save money—it would save £6 billion to the Exchequer. Would it not be easier for the Minister to have the same sort of honesty as her right honourable friend in the Government and say, ““It’s to save money””?
Secondary information
- Type
- Proceeding contribution
- Reference
- 730 c300GC
- Session
- 2010-12
- Chamber / Committee
- House of Lords Grand Committee
- Subjects
- Disability Devolved matters Debts Finance Fees and charges Education Interest rates Low incomes Loans Lone parents Part-time education Muslims Scotland Repayments Students Retail prices index
- Legislation
- Education Bill 2010-12
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- Timestamp
- 2023-12-15 21:06:27 +0000
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_770226
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