I pointed out in May, here, that the real value of benefits in 2011 would be reduced by 10% by 2020, 25% by 2033 and halved by 2062. This was the effect of the move to uprating benefits by CPI instead of RPI, assuming that RPI, used before 2012, reflected the real change in the […]

While I’m sweating away at updating the Future Benefits Model it’s probably worth saying three things: 1) Don’t bother downloading the current version of Benefits After The Act, except for historical interest. The next version will be quite different in impact. 2) It’s already clear that the 1% indexation will have a substantial impact, not […]