ONS recently published estimates of the total value of all the assets held in the UK, known as the ‘National Balance Sheet’. This recent publication showed that the total value of all the assets was a staggeringly large £9.8 trillion (that is £9,800,000,000,000). Here, Dan Groves looks at what contributes into this headline number and what can make it go up and down over time.
An increase in the number of people dying in hospital with a diagnosis of malnutrition has prompted understandable concern. One leading charity has described the figures as “shocking.” But as Myer Glickman explains, many factors other than poverty or neglect lie behind the figures.Read more
How should we value the things we can’t touch or look at but still help to create prosperity and wealth? Many so-called ‘intangible’ assets, such as training or company branding don’t figure in the headline measures of GDP. Rachel O’Brien explains why these are not currently included and the work ONS is doing to estimate their value.Read more
At the beginning of the year, the government revealed its 25 year environment plan, the central aim of which is to protect and preserve the UK environment. ONS has a role to play in developing a full set of ‘natural capital’ accounts. Ashley Ward explains the concept of natural capital and what it brings to environmental policy making.Read more
HMRC has published real time tax information for the first time. ONS Head of Labour Market David Freeman explains the significance of this milestone and writes about how ONS plans to use these data to transform its own labour market statistics.Read more
Statisticians and trade negotiators have been scratching their heads to explain a phenomenon called ‘trade asymmetries’, where different countries’ estimates…Read more