{"id":73876,"date":"2017-12-07T01:54:44","date_gmt":"2017-12-06T18:54:44","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/rpi-no-longer-fit-for-deciding-rail-fare-rises-letters\/"},"modified":"2017-12-07T03:03:23","modified_gmt":"2017-12-06T20:03:23","slug":"rpi-no-longer-fit-for-deciding-rail-fare-rises-letters","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rpi-no-longer-fit-for-deciding-rail-fare-rises-letters\/","title":{"rendered":"RPI no longer fit for deciding rail fare rises | Letters"},"content":{"rendered":"


\nHetah Shah of the Royal Statistical Society says that people\u2019s incomes and outgoings should both be linked to a single index, CPI, which commands \u2018national statistic\u2019 status and is credible for uprating purposesThe shadow transport secretary, Andy McDonald, is on the right tracks. The annual rises in rail fares should be decoupled from the retail prices index (RPI), as he argued in his Guardian article (This hefty train fare rise is yet another Tory betrayal of passengers, theguardian.com, 5 December).The Royal Statistical Society (RSS) has long believed that the RPI should be declared redundant for such uprating purposes. Significantly, our view is shared by both the national statistician and the chair of the UK Statistics Authority, who told MPs, only last month, that he \u201cdeprecates\u201d RPI being used in this way. Continue reading…
\n
\nSource : theguardian.com
\nRead more…RPI no longer fit for deciding rail fare rises | Letters<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Hetah Shah of the Royal Statistical Society says that people\u2019s incomes and outgoings should both...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-73876","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-jdy","jetpack-related-posts":[{"id":23053,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-rail-fares-to-rise-by-1-9\/","url_meta":{"origin":73876,"position":0},"title":"UK rail fares to rise by 1.9%","date":"August 16, 2016","format":false,"excerpt":"\r New ticket prices follow TUC research showing fare rises far oustripping wages prompting calls by commuter campaign groups to renationalise railwaysRail fares will increase by 1.9% in January, amid renewed calls from campaigners for the nationalisation of rail companies.Regulated rail fares, which include season tickets and off-peak InterCity tickets,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":45300,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cpi-was-never-meant-to-be-real-measure-of-inflation-letters\/","url_meta":{"origin":73876,"position":1},"title":"CPI was never meant to be real measure of inflation | Letters","date":"February 24, 2017","format":false,"excerpt":"\r Your article (Pension changes could cost 11m Britons thousands of pounds, 21 February) says 75% of pension schemes use the retail price index (RPI). But all the public-sector schemes, which must be more than 25%, as well as many in the private sector \u2013 eg BT, BA \u2013 have\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":78511,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mark-carney-calls-for-meritless-rpi-measure-to-be-axed\/","url_meta":{"origin":73876,"position":2},"title":"Mark Carney calls for \u2018meritless\u2019 RPI measure to be axed","date":"January 31, 2018","format":false,"excerpt":"\r \r \r Source : telegraph.co.uk\r Read more...Mark Carney calls for \u2018meritless\u2019 RPI measure to be axed","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":56586,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/labour-promises-to-save-average-rail-commuter-200-on-season-ticket\/","url_meta":{"origin":73876,"position":3},"title":"Labour promises to save average rail commuter \u00a3200 on season ticket","date":"June 1, 2017","format":false,"excerpt":"\r Jeremy Corbyn says party could deliver promise by forcing rail companies to cap fares at lower gauge of inflation than currently usedLabour has promised to save the average rail commuter more than \u00a3200 a year on their season tickets by mandating rail companies to increase fares by a maximum\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":44828,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pension-changes-could-cost-11m-britons-thousands-of-pounds\/","url_meta":{"origin":73876,"position":4},"title":"Pension changes could cost 11m Britons thousands of pounds","date":"February 20, 2017","format":false,"excerpt":"\r Government green paper discusses giving annual rises based on CPI, not RPI, which could cost average of \u00a320,000 over lifetimeCompanies could slash pension promises to 11 million employees, potentially knocking thousands of pounds off the incomes of people in retirement, if proposals in a government consultation paper are approved.Unions\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":67952,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-prices-down-0-6-in-q3\/","url_meta":{"origin":73876,"position":5},"title":"HDB resale prices down 0.6% in Q3","date":"October 2, 2017","format":false,"excerpt":"\r Singapore HDB flats (Photo: Google maps) Prices of HDB resale flats fell 0.6 percent to 132.9 in the third quarter of 2017, revealed flash estimates of the Resale Price Index (RPI). This comes after resale flat prices dipped by 0.1 percent to 133.7 in the second quarter, and by\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/73876"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=73876"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/73876\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=73876"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=73876"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=73876"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}