Posts by Richard Heys

Inclusive Income: How the ONS is moving beyond GDP

Image shows a traffic jam, it is evening so there are brake lights and the speed signs are illuminated on the overhead bridge

As well as producing high-quality economic analysis and statistics, the ONS has been working on radical plans to go ‘beyond GDP’. This work includes new and innovative metrics reflecting the impact of economic change on people and the environment. Richard Heys introduces the new measure of ‘Inclusive Growth’, and explains what it says about how our lives and environment are changing.

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Inclusive measures of growth – How ONS is moving Beyond GDP

GDP is a well-used metric for measuring changes in the size of economies around the world. However, it has its limitations. Richard Heys writes about the continuing developments at the ONS to go beyond GDP by including measures of the impact of growth on people, the climate and environment.

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The devil is in the detail: where to include gold and crypto-currencies in our statistics

A Pile o bitcoins

In recent years there has been a debate raging about what should be included within trade flows and what should not. As well as the ongoing discussion around flows in the gold market, recently the spotlight has turned to whether crypto currencies, such as Bitcoin, should be included within headline trade figures. Richard Heys explains where the ONS sits in this debate.

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