Posts by Liz McKeown

GDP: Getting the best insight each month

Categories: ONS
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Monthly GDP, first introduced in 2018, is a closely followed statistic, showing changes in the size of the UK economy around 40 days after the end of a month. However, it has been questioned whether focusing on such short-term movements risks placing too much weight on a relatively noisy signal about the state of the economy. Liz McKeown sets out how, to help address this, we are changing our presentation of GDP to lead with changes across three-month periods. 

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Exploring this year’s earnings figures

Categories: ONS

Today the ONS has published its latest annual estimates of employee earnings in the UK. Recognising recent challenges with the data, we have introduced new methods and processing improvements this year, which have resulted in some bigger revisions than usual. Liz McKeown explains the impact of the changes and looks ahead to further improvements in the quality of the data.  

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What matters most to people in the UK and has that changed over time?

Categories: Data, Economy, Environment, ONS, Population, Public Policy, Wellbeing
A group of people looking happy, they have their arms around each other and are in a park type setting with sunlight behind them

Since 2011, the ONS has been measuring ‘National Well-being’ to evaluate how we are doing as a nation. National Well-being includes the things that people have told us matter most to them, across the environment, society and economy. Here Liz McKeown looks at our GDP & Beyond work, focusing on responses to our recent online survey reviewing how we measure National Well-being. 

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Measuring Progress: GDP & Beyond

Categories: Data, Economy, Environment, Office for National Statistics, ONS, Public Policy, Wellbeing

The ONS mission to better inform understanding of economic, environmental and social progress more broadly than can be captured purely in Gross Domestic Product (GDP) has taken another step forward. Under the banner ‘Quality of life in the UK’ we have begun publishing fresh estimates of national well-being alongside the latest monthly and quarterly estimates of GDP. Combined with the recently-added Climate Change Insights publication, this quarterly package aims to offer a more holistic view of our economic, environmental and social progress. Liz McKeown unveils the new ‘GDP& Beyond’ day and invites stats users to get involved in its continuing development.

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