Covid-19 Update: We are continuing to provide our usual services whilst maintaining the safety of clients and colleagues. Read our latest update here.

Complete the form below to ask us a question or make an enquiry. We’ll get back to you via phone or email as soon as possible.

Insights

No change to RPI methodology until 2030

Posted on 02nd December 2020 in Parks

Posted by

Melanie Burton

Partner and Chartered Legal Executive
No change to RPI methodology until 2030

On 25 November 2020, the UK government and UK Statistics Authority (UKSA) published their response to the joint consultation on the timing of the reform to the Retail Prices Index (RPI).

A consultation on the Reform to Retail Prices Index

 

As announced in September 2019, the UKSA wishes to eventually bring the RPI in line with the methods and data sources of the Consumer Prices Index. However, this proposal would require the consent of the Chancellor if it were to be implemented before 2030.

The earliest time, from both the legal and practical point of view, is now February 2030, this being the maturity date of the final specific index-linked gilt. After this date, the UKSA can implement changes to RPI unilaterally.

 

Park operators should be mindful of the future change to the RPI methodology as it will likely affect any future pitch fee reviews.

If you have any questions regarding this article or the response, please contact our specialist Parks team who will be happy to provide bespoke advice and guidance.

Contact our legal experts

 


 

Paper plane

 

Get the latest news straight from our legal experts.

Subscribe to our newsletter to recieve current, dedicated, suppport and guidance from our solicitors straight to your inbox, wherever you are.

Company & Industry

Related Insights

Insights

How can you deal with illegal or unauthorised encampments?

Posted on 20th July 2021 in Rural Property & Countryside Matters, Parks, Affordable Housing

As we move into the school holidays, we are seeing an increase in instructions for removing unauthorised encampments from land. Given the lack of affordable housing, traveller sites and, now, holiday accommodation in hot spot areas, we expect to see a big rise in unauthorised encampments across popular visitor sites.

Posted by

Sarah Schooling

Associate and Solicitor
Insights

Delays when registering a Lasting Power of Attorney

Posted on 16th July 2021 in Later Life Planning

The England and Wales Office of the Public Guardian (OPG) has announced that it is currently experiencing delays when registering Lasting Powers of Attorney (LPAs).

Posted by

Sue Halfyard

Associate and Chartered Legal Executive