Public Service Pensions

Lord De Mauley Excerpts

Tuesday 20th December 2011 Lords Chamber

[Lord Lea of Crondall]

I should be very glad to have such a discussion, but I have an even longer memory. For many years, I represented the TUC on the Retail Prices Index Advisory Committee, which was abolished by the Treasury when we made a recommendation that it did not like. The recommendation in about 1970 was that we should stick with the RPI for general purposes because—

[Lord De Mauley]

My Lords, we must move on.

[Lord Lea of Crondall]

I am quite entitled to come in for a second time within the 20 minutes. I have been asking a question. Is there not a case for looking at which index should be used, based on considerations other than which one is likely to increase more slowly than the other?