Office for National Statistics, Economics, Business, UK news, Economic growth (GDP), Bank of England Business | The Guardian
Caveat from statistics agency is latest sign of its problems collecting reliable economic dataBritain’s main measure of wage growth may need to be revised after a large employer failed to supply earnings data on time, the country’s troubled statistics agency has warned.In the latest sign of its problems with collecting reliable economic figures that the government uses in economic policymaking, the Office for National Statistics (ONS) issued a caveat alongside March’s average weekly earnings data that “as an exception” it was working on “opening up revisions further back in time” for the figures. Continue reading…
Caveat from statistics agency is latest sign of its problems collecting reliable economic data
Britain’s main measure of wage growth may need to be revised after a large employer failed to supply earnings data on time, the country’s troubled statistics agency has warned.
In the latest sign of its problems with collecting reliable economic figures that the government uses in economic policymaking, the Office for National Statistics (ONS) issued a caveat alongside March’s average weekly earnings data that “as an exception” it was working on “opening up revisions further back in time” for the figures.
