§ 31. Mr. Neubertasked the Chancellor of the Exchequer what will be the cost to the Exchequer in 1981–82 in terms of price-protected pensions benefits, wages, securities and other index-linked liabilities of a rise of a single point in the retail price index.
§ Mr. LawsonThe additional cost on savings certificates and SAYE would be about £30 million. No public sector wages are automatically linked to the RPI. Rates of payment in 1981–82 for pensions and virtually all benefits have already been announced.