Economy

Inclusive Income: How COVID-19 affected our new measures

Categories: Data, Economy, Office for National Statistics, ONS, Research
Image of grandparents playing with a baby

Our headline measure of the size of the economy, Gross Domestic Product, is produced rapidly and relied on widely. So it’s no surprise that when the pandemic hit in 2020 we saw a focus on the rapid fall in output it revealed. But how does our understanding change if we take a wider perspective on the economy and account for the sustainability of economic activity? Here Cliodhna Taylor looks at some wider metrics that we have just published for that period.

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How the ONS is working towards measuring depletion of UK natural capital

Categories: Economy, Environment, Office for National Statistics, ONS

As well as its more traditional social and economic statistics, the Office for National Statistics has been further improving its measurement of what the natural world provides to us through ‘ecosystem services’. This work is part of the wider ‘Wellbeing and Beyond GDP’ agenda to provide a complementary and more holistic view of national prosperity and well-being. In this post Ellen Clowser looks at how we’ve been extending our measurement of natural capital to estimate for the first time how these resources are being depleted.

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How the ONS is transforming its statistics for local areas

Categories: Data, Economy, ONS, ONS Local, Population
Innovation Picture

The ONS produces a huge amount of high-quality data covering the economy, environment, crime and immigration. Over the last few years, we’ve also been focusing our efforts on producing much more granular estimates so we can measure how our society and economy is changing at the local level. Emma Hickman writes about how this work is progressing and what insights we’ve produced. 

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A voice for UK businesses – a milestone for our business insights survey

Categories: Business, Coronavirus, Data, Economy, Office for National Statistics, Public Policy
Image of a person inputting data

Back in March 2020, life changed very suddenly as COVID-19 struck. In the first days of lockdown the ONS set up what it thought would be a temporary rapid business survey to assess how the pandemic was impacting UK businesses. Gemma Rabaiotti explains how four years and 100 waves of responses later, the Business Impact of Coronavirus survey– now renamed the Business Insights and Conditions survey – (BICS) has cemented its place as a timely and vital voice on the challenges facing businesses today.

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