Me Me Me - I think you misunderstand. The £100 basket of food (fuel, mortgage, electronics etc) I could afford in August 2007 year already costs £105 last in August 2008 according to the government figures. I should think it costs £108 by now. I can't buy as much food now. With the fall in the value of the pound I don't suppose my value Dutch tomatoes will cost any less either, but nats think that its okay that I should have the spending power of 2007 and that my long awaited pension should be that much less for the rest of my life. This is not acceptable to me.
When nats want to negotiate next years pay rise and RPI has been 0.01%, then I would consider a pay freeze, not before.
Incidentally I am not alone in believing that we are heading for large inflation to pay for the excesses of the last decade and the various £bn payouts. August RPI type payouts may help protect us in such times, but any time we accept less than RPI we also screw our pensions further.