BBC not happy that Government is using CPI rather than RPI as inflation measure to calculate public sector pensions, amongst other things. Jonty Bloom had an item on Today this morning about this with the not so subtle meme that basically this change will drive us all into poverty. Talk about inflating hype! I suppose expecting the BBC to look at it from another perspective, namely cutting the bloated Public Sector and its totally unaffordable benefits is to be unrealistic?
INFLATION!
Bookmark the permalink.
Apart from statistical differences in the methods of calculation (geometric mean versus arithmetic mean), which are doubtless beyond the understanding of most of the innumerate media, the main differences between CPI and RPI are the inclusion in RPI of some housing costs, notably mortgage interest payments, Council tax and house purchase costs such as estate agent fees.
It is not surprising that the BBC, obsessed by house prices (as are most people in London) want to see that included. I have asked the BBC in the past why their news always assumes that people have mortgages and no savings, whilst the majority of Britain is the other way round, but they don’t even seem to understand the question. I guess it’s another feature of their young urban bias.
This also helps to explain why they automatically favoured Gordon Brown’s response to the ‘credit crunch’ of cutting interest rates, penalising savers and subsidising those speculating on the property market.
Also included in RPI but not CPI are the TV licence and Trades union subscriptions, which also surely interest the BBC.
Strange how this was rarely an issue during 13 years of the BBC Party
On a similar vein, when the bBC interview Rachel Reeves, they let her spout her lies how Europe is doing so much better than us. I knew this was not the case, but today Europe’s results are showing they are in a down turn. Wonder if the bBC will pick her up on this from now on; as usual I will not hold my breath.
The BBC have reduced CAPITA’S annual fee for collecting the TV tax from £124-000-000 to £70-000-000 how can a company afford a drop of 40% in there contract unless there was something untoward going on between the BBC and CAPITA at the £124-000-000 level.
That does seem quite a cut. One presumes, being a BBC market rate one, a ‘good’ cut?
But your question remains valid.
Is there a link for this data and possible explanations?
Let me just digress on a tangential bit of thinking for a moment.
So it is really easy for the BBC to cut contractors’ rates by some 40%…. and the BBC has made it all but compulsory for its employees to be self-employed contractors….and employee costs in the BBC will, as in most such organisations, form a very significant part of the total organisational costs….so one has to presume that it should be extremely easy to cut BBC costs so that the BBC tax (sorry, licence fee) can be hugely cut any time now……
I guess I could be mooching about, whistling, for some time whilst waiting for this to happen
£124-000-000 for beating up old duffers and frightening pregnant women?
I’m in the wrong job obviously.
high GUEST WHO unfortunately i forgot to bookmark the page and my mind has lost track, the two items they mentioned to do with the reduction of £54-000-000 was people paying more by monthly direct debit and advancements in technology (what that is supposed to mean is any body’s guess) people still only pay by cheque/debit card or direct debit and they still send a bod round to knock your door if you have not paid so much for technology.
tx anyway
Email to all hacks – Under Labour we must ignore RPI because it includes mortgage costs and fuel. The peasants should live in council housing and only bastards drive.