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Proceeding contribution from John McDonnell (Labour) in the House of Commons on Thursday, 1 March 2012. It occurred during Backbench debate and e-petition debate on CPI/RPI Pensions Uprating.


CPI/RPI Pensions Uprating

The hon. Gentleman must not have heard me. I was not silent on that issue; in an intervention I said that I supported the commitment. In fact, on an annual basis I proposed the restoration of the link with earnings. Eventually we secured a commitment from the previous Government that they would introduce the link no later than 2012. To be frank, that is what this Government have done to a certain extent. With regard to the GDP figures, the Hutton report sets out clearly the falling costs. On the point about the union negotiations, the hon. Gentleman will know, because the Secretary of State reported it, that in the last negotiations the unions accepted that any costs resulting from increasing longevity would be borne by increasing contributions, but they would not accept the shift from RPI to CPI.


Secondary information

Type
Proceeding contribution
Reference
541 c473 
Session
2010-12
Chamber / Committee
House of Commons chamber
Subjects
Civil service Judgements Local government NHS Police Workplace pensions Public sector Teachers Uprating Retail prices index Consumer prices index
Link
View this Proceeding contribution on www.publications.parliament.uk