Posts by Richard Heys

Productivity gap narrows

New OECD figures published today suggest the ‘productivity gap’ between the UK and other economies including France, Germany and the USA is smaller than previously thought. The latest estimates follow a re-appraisal of how each country measures the number of hours worked. The development of these improved numbers is in part down to work at ONS.

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A new way of looking at changing household incomes and prices

In February 2017 ONS funded the establishment of a new independent research centre, the Economic Statistics Centre of Excellence (ESCoE). Its objective is to bring economic research closer to the production of economic statistics and identify new ways to address the fast-paced changes observed in the UK economy. Richard Heys explains. 

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Measuring the digital economy: Is history about to be rewritten?

How properly to measure the impact of digital technology is a big challenge for statisticians and economists the world over. Media reports have suggested that historic mismeasurement of the telecoms sector means that the UK’s recent economic history will have to be significantly rewritten. As ONS Deputy Economist Richard Heys explains, it really isn’t as simple as that.    

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