Economy

Minding the gap: how we’re improving our measurement of income inequality

ONS publishes widely used estimates of household income, including how much people earn, what benefits they receive and how much they pay in taxes as well as looking at the gap between the richest and poorest households. Here Dominic Webber writes about the important work to improve the quality of these statistics and provide more detailed information on this much debated topic.

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Getting the balance right – how ONS creates a single estimate of GDP

After 70 years of production Gross Domestic Product (GDP) remains the single most closely watched economic indicator. The success  of government economic policy is judged against it and it’s the yardstick for the scale of public spending and debt.  As Rob Kent-Smith explains, calculating GDP requires the informed balancing of sometimes contradictory data sources.     

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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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