Economy

How much is the UK worth? The challenges of capturing the value of our nation’s assets

ONS recently published estimates of the total value of all the assets held in the UK, known as the ‘National Balance Sheet’. This recent publication showed that the total value of all the assets was a staggeringly large £9.8 trillion (that is £9,800,000,000,000). Here, Dan Groves looks at what contributes into this headline number and what can make it go up and down over time.

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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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