New labour force survey could be delayed to 2027 amid falling participation Economics Since the pandemic, the ONS has struggled with falling response rates to its flagship labour force survey (LFS), which has raised questions over the accuracy of its data.
It’s not as easy to count the number of ‘working people’ as you might think Opinion How many people are employed in the UK today? This is not just a question in a pub quiz for boffins. It is one with important practical implications. Changes in the number of people employed is a key piece of information which the Bank of England’s Monetary Policy Committee takes into account when setting interest [...]
‘Steady picture’: UK house prices increase at fastest rate since July 2022, as London rose slowest Property Expectations of a cut to interest rates and continued tight supply helped house prices to rise for the third successive month in May, the Office for National Statistics has said.
UK borrowing totalled £15bn last month as debt nears 100 per cent of GDP June 21, 2024 In fresh figures from the ONS, public sector net debt, excluding public sector banks, was just under 100 per cent of total GDP.
ONS suffering from staff departures amid concerns over data – reports May 29, 2024 The figures come at a time when the ONS is facing questions about the accuracy of its data, in particular its flagship Labour Force Survey.
Confidence in ONS statistics remains high but data issues might pose problems May 14, 2024 “Now more than ever it is vitally important that citizens know where to find reliable, impartial statistics." Professor Sir Ian Diamond, National Statistician, said.
Government borrows more than expected in February, but on track for lowest annual total in four years March 21, 2024 The borrowing figures are the first since Jeremy Hunt's Spring Budget, in which he cut National Insurance by a further 2p.
Bank of England’s fears of a tight labour market will remain despite growing slack March 12, 2024 Although almost every measure suggested a softer labour market than expected, the downside surprises were small and show a labour market that is still tight in historical terms.
New visa wage thresholds for foreign workers to come in ‘within weeks’ January 30, 2024 New visa wage thresholds for foreign workers coming to the UK are set to be enforced “within weeks”, the Home Office has confirmed.
Mel Stride admits migration spike of 745,000 was ‘too high and unacceptable’, but could tax cuts bring it down? November 24, 2023 Mel Stride has described the UK’s net migration figure of 745,000 as “unacceptable” and claimed tax cuts could help bring it down.