UK delays consultation on reform to flawed inflation measure
Britain’s government will delay until after March’s budget a consultation to decide when it should fix a flawed measure of inflation, the retail price index, finance minister Sajid Javid said.
More than a quarter of British government bonds, worth around 450 billion pounds ($584 billion), are linked to the Retail Prices Index (RPI) which runs higher than other measures of inflation, meaning investors receive an estimated windfall of 1 billion pounds a year.
Read more at Reuters.
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