Posts by Rob Kent-Smith

Making it count: How we are introducing ‘double deflation’ into UK GDP

Factory assembly line

The ONS has been developing a new, improved method for producing GDP over the last few years. Today the first experimental estimates are being published fully using this new system, which include the much vaunted ‘double deflation’ adjustments to the figures. Here, Rob Kent Smith talks about the new figures and why they are important. 

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Public services: measuring the part they play in the economy through the pandemic

The coronavirus (COVID-19) pandemic has clearly hit the economy of all countries very hard, with big falls in GDP across the world. The UK has seen the output of its public services, such as health and education, hit harder than many other countries. Here Rob Kent Smith explains how we measure the contribution of these important services and why we’ve seen such big declines.  

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Transforming GDP: Economic statistics for a digital age   

ONS has radical plans to fundamentally update and enhance the way it calculates many of the UK’s key economic statistics. More detailed information about the dominant services sector and more data on smaller firms add up to the biggest overhaul of GDP in a generation, as Rob Kent-Smith reveals.     

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