But will we bring all the schools up to the same level before introducing level pegging?
We will not build a great country on level pegging.
The purpose of this provision is to see that the man goes on level pegging, so to speak.
So there is really level pegging between the two.
If it proceeds to pay a dividend of 40 per cent, it will be on level pegging under the two systems.
Indeed, the two can be taken as level pegging with regard to the number of complaints that they have generated.
For 1972 and 1973 there is level pegging—those who retired in 1974 take a drop of £445—and then the figures go up.
In three of the other issues the small saver is just about level pegging, getting back approximately his £100 in purchasing power.
