Office for National Statistics, UK news, Economics, Economic growth (GDP), Business, London, Work & careers Business | The Guardian
The UK’s number-crunching body is still playing catchup over job figures after the pandemic, with validity of survey data being questionedUK economy flatlines, putting pressure on Rachel ReevesThe Office for National Statistics (ONS), with its number-crunchers and crack-of-dawn data dumps, is an unlikely backdrop for turmoil.But in recent months the Newport-based institution has come under repeated attack over questionable jobs figures, which experts have said leave policymakers“flying blind”. On top of this, questions are now being asked about survey data used to formulate its GDP readings, which were revised down for the second and third quarters on Monday. Continue reading…
The UK’s number-crunching body is still playing catchup over job figures after the pandemic, with validity of survey data being questioned
The Office for National Statistics (ONS), with its number-crunchers and crack-of-dawn data dumps, is an unlikely backdrop for turmoil.
But in recent months the Newport-based institution has come under repeated attack over questionable jobs figures, which experts have said leave policymakers“flying blind”. On top of this, questions are now being asked about survey data used to formulate its GDP readings, which were revised down for the second and third quarters on Monday.
