Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source

We do not have a policy on this now so no indexation per sewas considered in the context of the budget. In the options made available to the Government now or which could be made available to the committee, Governments or anybody considering the matter coming up to a budget, how easy would it be to set out what the different options for indexation would deliver in advance of a budget? That would leave a range of options. Is this done elsewhere? In other words, we would know that if wages were benchmarked in a certain way, there would be a certain outcome in the budget. The benchmark could be against inflation or there could be a hybrid approach. This would allow us to consider options and modelled examples.

It is a bit hard to envisage this over a long period because there are so many variables, including wages, anomalies or inflation surges. It is about having different options for indexation, while having indexation of some sort written into the process. I hope I am explaining my question correctly.