The Retail Prices Index (RPI) will be reformed and aligned with the housing cost-based version of the Consumer Prices Index, known as CPIH, by 2030, the Treasury has confirmed.
As part of the Comprehensive Spending Review today (25 November), the Government announced that the methods and data sources of CPIH would be brought into RPI in February 2030, after the date of the maturity of the final specific index-linked gilt that year. While the Treasury had consulted on making this change earlier, in the response published today Chancellor Rishi Sunak said he would withhold the consent necessary before 2030 in order to minimise the impact on the holders of index-linked gilts. Nevertheless, the Government has refused to offer compensation to index-linked gilt ho...
To continue reading this article...
Join Investment Week for free
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes