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MNI BRIEF: UK Steps Back From Imminent RPI Reform

(MNI) LONDON
LONDON (MNI)

To minimize the impact of reform of UK inflation measures on holders of index-linked gilts, the Chancellor of the Exchequer Rishi Sunak says he cannot support implementations of a proposal to move away from RPI at this time, although he did acknowledge the statistical arguments behind a move.

In response, the UK Statistics Authority said it continues to urge "the Government and others to cease to use the RPI, a measure of inflation which the Government itself recognizes is not fit for purpose."
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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