Gilt linkers cheapen after Lords committee takes aim at RPI

Index-linked Gilts took a hit on Thursday after a House of Lords committee concluded that the UK government should correct an “error” in the Retail Prices Index calculation — a tweak that would cause “material detriment” to bondholders.

  • By Craig McGlashan
  • 17 Jan 2019

The Economic Affairs Committee’s report on RPI, released on Thursday morning, noted that owing to an error in the calculation of the index by the UK Statistics Authority, RPI has been 0.3 percentage points higher since 2010.

“The authority’s error has created winners, such as holders of RPI-linked government ...

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