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The Prime Minister used the term questioned about the switch to a meeting with trade unionists to Downing Street yesterday, according to a trade union leader who was present.

Conservative leader David Cameron has said that Gordon Brown assume personal responsibility for email No 10 scandal

In June emergency budget, the Government announced that it intended to develop the link between the public sector and retail (IPD) of the index of consumer prices (CPI) price index pensions discarded. As inflation tends to be lower than the RPI, the effect is likely to be a reduction in pensions.

Mark Serwotka, head of the public & Commercial Services Union (PCs), said that when he asked David Cameron Downing Street to switch to the IPC meeting, Prime Minister "said outright that it is non-negotiable".

Writes a log, M. Serwotka added that the refusal of the Government to discuss the issue was likely to generate applications for industrial action.

"Our first choice is always to negotiate and reach an agreement. But to a refusal to speak on a matter which represents a massive reduction in the value of the pension is a concern major unions in the public sector workers, you have to question the intentions and the value of meetings such as this, he wrote in the town of AM.

"If Government Cameron will not agree to serious negotiations, then all the warmth and fine words are for nothing and have to invite industrial and legal action."

"Us cannot and will not only allow ourselves to accept reductions to the welfare and pensions, with the occasional promise of tea and a cosy chat to Downing Street".

Downing Street said that the meeting took place at the request of the trade unions. N ° 10 refused to say what was discussed, but insisted that the Prime Minister was eager to work with organized labour.

Switch to the CPI was attacked by the Royal Statistical Society. Jill Leyland, his Vice President, said that, while the index was "acceptable to fine macroeconomic", RSS is "believed its coverage is usually appropriate for the purposes of compensation for inflation" in areas such as pensions.

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"While textbooks can display or as old money markets use gold as an other monetary asset today," Mr. Zoellick said photo: REUTERS

To come to a group of 20 Summit this week in Seoul, Mr. Zoellick said that a gold standard updated may help to reorganize the global economy at a time of severe tensions in the currencies and the US monetary policy.

He said that the world needs a new scheme to succeed "Bretton Woods II" floating currency system, which has been in place, given that the system of fixed-rate currency tied to gold collapsed in 1971.

The new system "is probably need to associate the dollar, the euro, the yen, pound sterling and a renminbi (Chinese yuan) moves towards internationalization, then an open capital account," he wrote in the Financial Times.

Mr. Zoellick, "the system should also consider using international gold as a point of reference of the expectations of the market on inflation, deflation and monetary values future," said in a comment piece.

"Although textbooks can display or as old money markets use gold as an other monetary asset today."

The original Bretton Woods agreement was thrown a framework led United States for the stability of the global financial system after the second world war, with the dollar pegged to gold and controls in place to limit the movement of capital.

Gold standard is believed to protect against inflation, but does not flexible monetary policy that many economists feel is essential in the fight against economic shocks.

It has been abandoned by the u.s. President Richard Nixon in 1971 as the value of the dollar collapses over gold. today, gold prices are still riding as investors seek a timeless hedge against inflation and debt the u.s. risks.

Mr. Zoellick has recognized that the forging a new monetary agreement to govern the global economy take time, two years after the worst financial crisis since the 1930s Western. ""But we need to begin", he wrote.

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Website property Rightmove prevents houseseller requested rising prices is not a tactic to succeed. Photo: PA

Site Web property said pricing distributed on the rise and traditionally a normal reaction at the beginning of the fall season sale has been supported by market and economic fundamentals - except in a few areas of major housing shortages.

"Taking into account the challenges of the current market, the behaviour of sellers in raising their average prices of requested by more than ￡ 7,000 takes some explaining," says Miles Shipside Rightmove Director.

He warned that the tactic is not likely to be "success."

"If it is a sign that many vendors do not know high levels of financial stress but cannot afford to accept a price below, if they want to do their pile of money for the next shift," he said.

Rightmove expected expenditure overall review this week have a negative effect on the feeling of the housing market and "therefore challenge most perceptions of power among the sellers price."

There has also been signs housebuyers have resume above gazundering returns market .Gazundering is where a purchaser requires a substantially lower price to the seller at the last moment before contracts are due to be exchanged.

October is the fourth prices have increased since the beginning of the credit crisis and following three consecutive months of fall in the average price of requested prix.Le this month to ￡ 236,849, from ￡ 229,767 in September.

Optimism among sellers comes despite the fact that many home price indices reported price falls in recent weeks.

Most of commentators expect also the prices fall modestly in the coming year, with some predicting dips two numbers.

Rightmove said that all parts of the country saw a jump to the price asked for four weeks on October 9, in addition to the North West, where they fell by 2 3pc and the country of Wales, where they were tempered by 0 6pc.

London has opened the door, with new sellers raise their prices by 5MC, followed by East Midlands, where they have travelled by 4 3pc.

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