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It's good to track different rates as you can then choose the index that suits you best. For example, RPI is typically higher than CPI, so naturally my student
by tyho 4y ago
It's good to track different rates as you can then choose the index that suits you best. For example, RPI is typically higher than CPI, so naturally my student loan interest is a function of RPI, whereas tax thresholds are indexed to CPI.
This works well in ensuring the government can achieve its primary aim which is to transfer all surplus worker productivity to wealthy pensioners.
- iso1631 4y agoTo be fair I'm not sure if that's the primary aim or just a side effect
- jjgreen 4y agoDr. Pangloss I presume?
- II2II 4y agoDifferent country, but I've noticed that social assistance are linked to the CPI yet the CPI is linked to items that those who receive social assistance cannot afford and which are less impacted by inflation (at least under normal circumstances, I'm not sure about the current situation). I'm not sure about the intent though. When the government first announced COVID benefits it was quickly revealed that they had no understanding what most vulnerable members of society were facing. It took several rounds of announcements until everyone was satisfied. Likewise, the article's comment about pay increases for public sector employees made me cringe. At least on this side of the pond, the public sector has been hit hard and is in chaos since pay is based upon union contracts that were pre-pandemic. In some cases, union contracts expired early in the pandemic but where negotiations were stalled until recently due to the pandemic.