14-10-2008, 15:30
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#13
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Apprentice Geriatric
Join Date: Jan 2004
Location: Darwen, Lancashire
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Re: Inflation at 5.5%
Quote:
Originally Posted by den the menace
i am fairly certain that HMG is obliged by THE SOCIAL SECURITY ACT to uprate benefits/pensions/allowances in line with the inflation figures for the year ending in september of the previous year.
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I’m sure that you are right in that assumption but the government passed the act and they can change it if they want to. Or find a new way of calculating inflation so that the ‘new’ figure is much lower than the true one.
In fact the alleged ‘true’ figure isn’t as true as it should be.
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