UK Statistics Failing on Multiple Fronts Pose New Policy Risk
- ONS, BOE and UK government are all struggling for good data
- Economists fear bad decisions at a critical time for economy
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Britain has a data problem that is raising fears of policy mis-steps at a critical juncture for the UK economy.
In recent months, serious issues have been exposed at the Office for National Statistics and the Bank of England. Even the government’s own accounts are under scrutiny. For users and observers, the worry is that bad data leads to bad policy decisions.