Nexts years benefit rise


D

Dave xxxxx

What ever the RPI is in September benefits, pension (war as well) go up by
that amount next April.

August rate is 3.2%

If you look at the bottom of this web page
http://www.statistics.gov.uk/downloads/theme_economy/RP04.pdf

you can see last years was 2.8%

If oil stays up, http://www.bloomberg.com/energy/

3 to 3.6% is possible, not much but better than some of the recent years

1.7% 2002 1.1% 1999

I have been studying the affect of changing pensions rises from earnings to
RPI
That seems to have had mixed results, when the change from earnings to RPI
was done

At first RPI way was better for people, but as inflation has come down, and
earnings have done better.
Pensions have suffered, thats on paper of course.

What do people think or know, from the point of reality ie money in pocket ?


--
Dave xxxx
www.davewhitter.myby.co.uk

Music is Art - Audio is Engineering
Steam is Fun
 
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M

Martin Davies

Dave xxxxx said:
What ever the RPI is in September benefits, pension (war as well) go up by
that amount next April.

August rate is 3.2%

If you look at the bottom of this web page
http://www.statistics.gov.uk/downloads/theme_economy/RP04.pdf

you can see last years was 2.8%

If oil stays up, http://www.bloomberg.com/energy/

3 to 3.6% is possible, not much but better than some of the recent years

1.7% 2002 1.1% 1999

I have been studying the affect of changing pensions rises from earnings to
RPI
That seems to have had mixed results, when the change from earnings to RPI
was done

At first RPI way was better for people, but as inflation has come down, and
earnings have done better.
Pensions have suffered, thats on paper of course.

What do people think or know, from the point of reality ie money in pocket ?


--
Dave xxxx
www.davewhitter.myby.co.uk

Music is Art - Audio is Engineering
Steam is Fun
In terms of money in pocket, it does depend a little.
Some may find themselves better off. But with increases in certain bills
(water, gas, lecky and some common household items), never mind council tax,
then any increase can be wiped out pretty quickly, and more.
Saying that, I work for an employer that hasn't given any percentage wage
rise in last 3 years - so for me, any RPI increase would feel better than
relying on employer generosity.
 
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P

Paul Bolton

Dave xxxxx said:
What ever the RPI is in September benefits, pension (war as well) go up by
that amount next April.

August rate is 3.2%

If you look at the bottom of this web page
http://www.statistics.gov.uk/downloads/theme_economy/RP04.pdf

you can see last years was 2.8%

If oil stays up, http://www.bloomberg.com/energy/

3 to 3.6% is possible, not much but better than some of the recent years

1.7% 2002 1.1% 1999

I have been studying the affect of changing pensions rises from earnings to
RPI
That seems to have had mixed results, when the change from earnings to RPI
was done

At first RPI way was better for people, but as inflation has come down, and
earnings have done better.
Pensions have suffered, thats on paper of course.

What do people think or know, from the point of reality ie money in pocket ?
I think many people tend to believe they can cheat inflation, so if they are
on benefits they regard high inflation as good even though of course it
means consumer prices are rising as well. I believe in the short term you
may in fact be able to cheat inflation, but it is much harder in the long
term.
 

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