Economy

Hiding in plain sight? Why economically inactive people aren’t in ‘hidden unemployment’

You’re either classed as employed or unemployed, right? Well, wrong, actually – there are three different possible ways people can be classified in the labour market. Here David Freeman looks at the third status, called ‘economic inactivity’ and explains how ONS statistics fully capture people’s involvement, or lack of it, with the world of work and why economically inactive people aren’t just in ‘hidden unemployment’.

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How we measure what the Government owns and what it owes

It’s well known that the Government has large amounts of debt, currently £1.8 trillion according to the headline measure. But what about other liabilities that are not included in this figure and what about all the assets the Government owns? Here, David Bailey sets out the way we measure it all and how the numbers are being improved.

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How EU contributions are calculated

The subject of how much the UK pays to the EU has been debated widely. The numbers used are principally based on figures reported by the ONS in our annual publication ‘The UK Balance of Payments’ which is often referred to as the Pink Book. So how do UK contributions to the EU work, and what does the Pink Book say?

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Measuring the invisible – improving our understanding of UK trade in services

Exports of services have for many decades made a large and positive contribution to the UK’s international trade balance. But unlike goods, which are relatively easy to count and value, the intangibility of services means their measurement has been less detailed. Now, thanks to a big expansion in our statistical coverage, ONS is shedding unprecedented new light on the subject.

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