The UK Statistics Authority and the Government are to jointly consult on the Government’s proposed changes to the Retail Prices Index (RPI) from 11 March 2020 (the 2020 Budget Date). The consultation will be open for six weeks, closing on 22 April 2020.
The consultation is expected to cover the perceived flaws of RPI – for example its accuracy in estimating inflation – and the implications of changing the method of calculation to that used to calculate the Consumer Price Index (CPI). This change may have implications for pitch fee reviews under industry standard holiday licence agreements, and on residential parks in England, Scotland and Northern Ireland.
Further information can be found here on the government website:
Alternatively if you have any questions regarding this article you may contact the parks team by telephone on 01392 207020 or email parks@tozers.co.uk
