Economy

Informing the pandemic response: What’s next from the ONS?

In the months ahead ONS will continue to provide new information to inform the UK’s response to the COVID-19 pandemic. New analysis of the transmission rate will be included along with further insight on the social and economic impacts.  In this post Liz McKeown and Grant Fitzner, who are leading the analytical response, reflect on our progress so far, and describe our plans going forward.

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‘No part of the economy remains untouched’: update on how the ONS is measuring the impact of COVID-19

Soon after the pandemic began, Jonathan Athow wrote here about challenges the ONS would face in measuring its effect on the UK economy. Since then the first official data has revealed the scale of the immediate impact. As more data comes on stream, here he updates on the continuing work to ensure the ONS is able to paint the most accurate picture possible of these dramatic recent changes. 

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Store and online data will bring a generational change to ONS price statistics

To aid the response to the coronavirus (COVID-19) pandemic the ONS has been introducing many new surveys and started using wider sources of data. Meanwhile important transformational work in other areas, including consumer price statistics has continued. Together the planned improvements form the most significant change to inflation statistics in a generation and will greatly improve the detail and representativity of the ONS measures.

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People matter: improving our estimates of human capital

Alongside the traditional measures of prosperity like GDP, the ONS is at the forefront of an international movement that’s developing new and alternative economic indicators that go beyond simple financial value. Central to this work are the plans to develop new ways of measuring ‘human capital’ that have been unveiled today. Here John Marais makes the case for measuring human capital better.

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