§ Mr. Tom Benyonasked the Minister for the Civil Service whether he will limit the indexation of pension rights enjoyed in the public sector to that of their analogues in the top dozen companies listed in the Financial Times all share index.
§ Mr. ChannonMy right hon. and learned Friend the Chancellor of the Exchequer announced in his Budget Statement—[Vol. 980, c. 1461]—that the Government intend to set up an independent inquiry into whether adequate allowance is made for the value of present pension arrangements in settling public sector pay. A detailed announcement will be made shortly. It would be premature to take any steps at all in advance of the inquiry's findings.