Posts Tagged ONS

Why the economic picture tends to be rosier than initial estimates suggest

Why the economic picture tends to be rosier than initial estimates suggest

One of the surprises of last week was the Office for National Statistics (ONS) estimate of economic growth in the second quarter of 2016, the period from April to the end of June. In the run up to Brexit, the economy expanded by 0.6 per cent on

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Why are crime rates falling?

Economic statistics are the bane of forecasters’ lives. Cynics might say that this is because the data reveal how bad their predictions are. But a big practical problem is that initial estimates of the state of the economy can be revised substantially. These issues are as nothing

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Exciting times at the Office for National Statistics: the value of drugs and prostitution

The Office for National Statistics (ONS) has just increased the size of the British economy by nearly £10 billion, a figure equivalent to around 0.7 per cent of the economy as a whole. George Osborne has not waved a magic wand. We have not suddenly become more

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Ignore the IMF: There’s no reason for its ludicrous forecasts to change sentiment

The economics department of the International Monetary Fund (IMF) is up to its old tricks again – changing its mind. Just three months ago, the team cut its forecast for UK GDP growth in 2013 to 0.7 per cent from 1 per cent, sparking charges that George

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Car crash on the Office for National Statistics website… Is it cos I is Welsh?

The website of the Office for National Statistics (ONS) has recently been re-designed. A perfectly functional, low tech website has been transformed into a really cool delivery platform. It looks great. The only drawback is that it is very difficult to find any useful data on it. The ONS

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