[Kizzy]

It's already been announced there's one in the pipeline( I crack myself up) of 8%, for budgets already squeezed how is that going to play out?
If we also take into account the implications of further hikes over the next 2yrs how will that impact on public spending and the economy?....
Nobody is looking at the bigger picture in real terms and just trying to cause panic to justify the current practices.
Stating this will have an effect on pensions, if nothing is done pensions with be worth less due to the conundrum of whether you can afford to heat or eat on your fixed income.