Business

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

Categories: Business, Coronavirus, Data, Economy, Office for National Statistics, Public Policy
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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Improving our estimate of businesses’ outgoings during the COVID-19 pandemic

Craig McLaren
Categories: Business, Coronavirus, Data, Economy, ONS
Image of the City of London

The ONS has published updated and indicative estimates of GDP, which show that the economy was larger than we previously thought in 2020 and 2021, though our estimate for the UK’s monthly and quarterly economic trends is broadly unchanged. Craig McLaren explains what’s led to this brighter picture.   

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Direct Debits data reveal fresh economic insights

Categories: Business, Data Science Campus, Economy, Office for National Statistics, ONS
Image of graphs and money, indicating financial markets

For the first time the ONS has published new data on UK Direct Debits. This new, fast and anonymised data source provides insight on consumer payments to most of the UK’s largest companies. Dragos Cozma describes how the ONS has developed this new data source with our partners at Vocalink and Pay.UK and what it tells us about the UK economy.  

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Keeping it consistent – how we quality adjust CPI

Categories: Business, Data, Economy, Office for National Statistics, ONS
Innovation Picture

Our consumer inflation statistics are closely watched, not only because they tell us how price rises are affecting people, but also because they are a crucial piece of information, used by the Bank of England when setting Interest rates. Chris Jenkins talks about the complex adjustments we make to ensure the index shows only real, underlying changes in prices.  

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