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Page last updated at 07:27 GMT, Wednesday, 14 October 2009 08:27 UK

Wage 'catch up' for public sector

The basic state pension will rise by �2.40 per week next April, even though inflation measured by the Retail Prices Index (RPI) was negative last month. Pensions are altered in April in line with the inflation rate the previous September, which fell to minus 1.4%. The government has pledged that the basic state pension will rise by at least 2.5% each year if inflation falls below this level. Mark Serwotka of the Public and Commercial Services Union and economics editor Stephanie Flanders analyse how a low-inflation environment could impact on pensions and wage expectations.

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