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For the first time since the days of old Labour, pensions have recently been pegged to average earnings, which will sooner or later resume their inexorable rise, which has only been temporarily interrupted by the recession.
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The difference is crucial: whereas social rent is pegged to average income and remains relatively stable, affordable rent is pegged to market forces, so does not.
The proposal replaces government policy announced in the 2014 budget that the indexation rate of the pension would be changed from being pegged to average weekly male earnings to being pegged to inflation, which would have caused a decrease in real terms over time.
Where the London Living Rent differs is that it's pegged to average income, rather than being just slightly below sky-high local rents.
In the event they've been pegged to 28.
Johnson says tube fare rises have been pegged to RPI.
The sum paid towards the rent will fall every year, in perpetuity: it will no longer rise as average local rents rise but will be pegged to the consumer price index.
Mount argues that bonuses should be pegged to a maximum 20% of salary and suggests that 40 times average pay ought to be the limit for chief executives, enforced by proper shareholder and worker representation on remuneration panels.
Where to Stay Room rates are pegged to demand.
The currency is pegged to the US dollar.
His political fortunes were pegged to competence, not charisma.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com