No Result
View All Result
Mobile
Subscription
  • Home
  • Britain
  • China
  • Business
  • World
  • Culture
  • Opinion
  • Newspaper
Saturday, March 14, 2026
中文
  • Home
  • Britain
  • China
  • Business
  • World
  • Culture
  • Opinion
  • Newspaper
No Result
View All Result
Sky Eco News
No Result
View All Result

UK regulator says it is ‘critical’ ONS reverses data quality slump

UK regulator says it is ‘critical’ ONS reverses data quality slump

FILE PHOTO: A view of the Palace of Westminster which houses Britain's parliament in London, Britain July 3, 2024. REUTERS/Maja Smiejkowska/File Photo

Britain’s Office for National Statistics must take urgent steps within the next four weeks to reverse a fall in the quality of key economic statistics including those for unemployment, a regulator said on Monday.

The ONS has faced criticism from the Bank of England and many economists for its failure to reverse a post-pandemic slump in the number of participants in its flagship survey of Britain’s labour market as well as other issues.

The public agency that monitors the quality of Britain’s official data, the Office for Statistics Regulation, launched a review in July 2024 into problems at the ONS and last week the government announced a separate probe.

“It is critical that ONS takes decisive action to restore confidence,” the OSR said.

Statistics agencies in other countries did not have the same amount of problems, suggesting the ONS had an “urgent need to modernise its (data) collection approach and working practices”.

The regulator told the ONS to publish a fully resourced plan to improve its surveys within four weeks and that within three months it should spell out how it would prioritise funding for economic statistics and check their quality more regularly.

“Insufficient investment” in collecting data had been a key issue, the regulator added.

In response, the ONS said its latest business plan included a renewed focus on core economic and population data.

“We recognise and share concerns about data quality and are addressing these as a matter of urgency,” a spokesperson said.

Last year the ONS said it did not expect to complete improvements to the labour force data until 2027.

The OSR said discussions with ONS staff and users of its data suggested some concerns about how its executives allocated resources and engaged with outsiders.

“ONS staff told us that, despite some encouragement from senior managers, early warning of emerging problems has not always been welcomed,” the regulator added.

(Reporting by David Milliken)

Post Related

UK’s John Lewis restores staff bonus but flags caution on trading outlook

UK’s John Lewis restores staff bonus but flags caution on trading outlook

British retailer the John Lewis Partnership reported a 6% rise in annual profit and restored its staff bonus after a...

Sterling sinks for third day as oil crisis burnishes dollar

Sterling sinks for third day as oil crisis burnishes dollar

The pound headed for a third daily loss against the dollar on Thursday, as concern about a lasting rise in...

Britain’s Lloyds apologises after customers able to see others’ transactions

Britain’s Lloyds apologises after customers able to see others’ transactions

Lloyds Banking Group said on Thursday it was investigating the causes of a glitch that allowed customers to see each...

Bank of England to hold rates in March, cut twice this year but timing unclear: Reuters poll

Bank of England to hold rates in March, cut twice this year but timing unclear: Reuters poll

The Bank of England will cut interest rates to 3.50% either in April or June, according to economists polled by...

UK ends centuries-old hereditary seats in parliament upper chamber

UK ends centuries-old hereditary seats in parliament upper chamber

Britain's parliament has approved legislation to remove the remaining hereditary peers from the House of Lords, ending a centuries-old system...

British police ban pro-Iranian London march over ‘extreme tensions’

British police ban pro-Iranian London march over ‘extreme tensions’

British police have banned a pro-Iranian march that had been due to take place in London on Sunday, citing the...

Top news

  • 2026/03/14
  • Debt-burdened Europe has fewer options to buffer energy shock
  • Ukraine opens battlefield data access to allies’ AI models
  • Iran’s new supreme leader vows to keep Hormuz shut, Netanyahu issues threat
  • What is Basel and why has it been so contentious?
SKY ECO NEWS

© 2024 SEMG.

About Us

  • Chinese Emassy, London
  • Embassy of the United Kingdom
  • Xinhua
  • People’s Daily
  • China Daily
  • GlobalTimes
  • The Times
  • BBC

Message

No Result
View All Result
  • Home
  • Britain
  • China
  • Business
  • World
  • Culture
  • Opinion
  • Newspaper

© 2024 SEMG.