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Home Business

Problems with UK economy data could be widespread, warns lawmaker

1 January 2025
in Business
Problems with UK economy data could be widespread, warns lawmaker
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Roula Khalaf, Editor of the FT, highlights the damaging gaps in the UK’s jobs data that may have wider implications for the country’s statistics, as a top lawmaker warns of economic policymakers “flying blind” due to failures in data collection. Dame Meg Hillier raises concerns about under-investment in systems, drawing parallels with the Bank of England’s issues, and emphasizes the need for a solution to the data gaps to address challenges such as lacklustre growth and productivity issues.

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Tags: DataEconomylawmakerproblemsWarnsWidespread
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