The Treasury denies this is a return to the fuel duty escalator - they prefer to call it "over-indexation".
It is a product of ludicrously high fixed interest rates and a measure of "over-indexation", in which unitary charges are increased in line with inflation.
Scaling back the over-indexation above earnings of the state pension from the last parliament by limiting pension rises in this parliament, saving about £6bn.
But a planned "over-indexation" in the child element of child tax credit, of £110 above inflation, will not now take place.
Some 90% of gas trade is regional, through pipelines; LNG connects the bits where the pipelines do not reach.The LNG glut after 2008 that led to Europe's row over oil indexation between the big energy firms and Gazprom shows how events in other parts of the world can put pressure on regional price mechanisms.
In Italy, under pressure of the European Central Bank, the government tried to force change upon employers and unions, and in Belgium and Luxembourg, over the issue of indexation, governments were under pressure of the European Commission, though in Belgium and Italy the unions were less easily pushed aside.
But the client has to be alert to the possibility that the skilled manager may leave the fund and go elsewhere, or that his style may drift back to closet indexation over time; not something one has to worry about with a standard index-tracker.One final problem emerges from the paper's findings.
This week the government will present the Senate with another two budget measures – changes to the pharmaceutical benefits scheme (worth $1.3bn over four years) and the reintroduction of indexation for petrol excise (worth $2.2bn) – which on the current public position of the opposition parties appear destined to fail.
Social Security benefits are indexed to inflation; indeed, that's what the recent debate over whether to change indexation from one measure of inflation to another was all about.
Peter Davies Illingworth, Yorkshire While the introduction of entrepreneurs' relief is welcome, the failure of the chancellor to reconsider the abolition of indexation relief means that individuals who have held business assets over a significant period of time will suffer a disproportionate increase in the effective rate of capital gains tax when they sell those assets.
The indexing was re-checked in June 2010, to ensure the correctness of indexation for 2009.
