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Making a fortune at pensioners’ expense
WE all know that the inflation rate in September determines the rise in State Pension and other benefits.
Last year, (in spite of the Government shaving over 1% off the increase by using CPI instead if RPI) the rise was a respectable 5%, costing a begrudging Government many millions more than it would have liked to have spent.
Then what a surprise, when this year the rate of inflation in September is the lowest all year, at about 2%….so saving the Government a fortune at the pensioners’ expense.
How strange to have seen inflation falling, yet food, fuel, gas and electricity prices steadily rising! Call me cynical if you like, but I get a whiff of Government figure fixing behind the scenes. Mark my words….when September is done, the rate of inflation will be rapidly on the rise again.
Jim Cunliffe, West Park