Statistics

A voice for UK businesses – a milestone for our business insights survey

Image of a person inputting data

Back in March 2020, life changed very suddenly as COVID-19 struck. In the first days of lockdown the ONS set up what it thought would be a temporary rapid business survey to assess how the pandemic was impacting UK businesses. Gemma Rabaiotti explains how four years and 100 waves of responses later, the Business Impact of Coronavirus survey– now renamed the Business Insights and Conditions survey – (BICS) has cemented its place as a timely and vital voice on the challenges facing businesses today.

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What is GDP and how do we measure it?

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Gross Domestic Product, more commonly known as GDP, remains the world’s most closely-watched economic indicator. Its growth – or lack of it – is used to measure economic progress. A positive GDP reading suggests an economy is growing, a negative one that it’s slowing down. But there is much more to GDP that just one number. In this post Craig McLaren is our guide to how GDP is calculated and how it’s best understood.  

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