Oireachtas Joint and Select Committees

Wednesday, 9 February 2022

Committee on Budgetary Oversight

Indexation of Taxation and Social Protection System: Discussion (Resumed)

Photo of Neasa HouriganNeasa Hourigan (Dublin Central, Green Party) | Oireachtas source

One of the things we have been looking at in detail is which metric we should link indexation to.

We have been examining what other countries have done. From my perspective, many countries that have had indexation operating for some time began by linking it to a consumer price index of some sort but are now moving it more towards wages. What has been the debate on this in the UK? The UK is considering changing its consumer price index, CPI, or that basket of goods that is covered, slightly. Will Mr. Johnson speak to us about that process?

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