Septembers inflation figures are out. CPI = 2.7% same as last month. RPI = 3.2% down from 3.3% in August. That means the pension uprating will be 2.7% based on the CPI robbery index, assuming they use CPI. It also means that for the 4th year running the Government has stolen 0.5% of your income by not using RPI. They stole 1.5% in 2010, 0.4% in 2011, 0.4% in 2012 and now 0.5% in 2013. This means they have stolen 2.8% of your income in 4 years by using the CPI robbery index. I do hope you all remember this when its time to vote! I will supply some actual figures of what this has really meant in due course.....WATCH THIS SPACE.
Posted on: Tue, 15 Oct 2013 09:41:09 +0000
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