Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Advertising and Sponsorship
    • Profile & Readership
    • Contact Us
    • Latest News
    • Privacy & Cookies Policies
    • Terms of Use
    • Advertising Terms
    • Issue 81
    • Issue 80
    • Issue 79
    • Issue 78
    • Issue 77
    • Issue 76
    • Issue 75
    • Issue 74
    • Issue 73
    • Issue 72
    • Issue 71
    • Issue 70
    • View All
    • About the Awards
    • Awards Timetable
    • Awards Winners
    • Submit Nominations
    • Testimonials
    • Media Room
    • FAQ
    • Asset Management Awards
    • Brand of the Year Awards
    • Business Awards
    • Cash Management Banking Awards
    • Banking Technology Awards
    • CEO Awards
    • Customer Service Awards
    • CSR Awards
    • Deal of the Year Awards
    • Corporate Governance Awards
    • Corporate Banking Awards
    • Digital Transformation Awards
    • Fintech Awards
    • Education & Training Awards
    • ESG & Sustainability Awards
    • ESG Awards
    • Forex Banking Awards
    • Innovation Awards
    • Insurance & Takaful Awards
    • Investment Banking Awards
    • Investor Relations Awards
    • Leadership Awards
    • Islamic Banking Awards
    • Real Estate Awards
    • Project Finance Awards
    • Process & Product Awards
    • Telecommunication Awards
    • HR & Recruitment Awards
    • Trade Finance Awards
    • The Next 100 Global Awards
    • Wealth Management Awards
    • Travel Awards
    • Years of Excellence Awards
    • Publishing Principles
    • Ownership & Funding
    • Corrections Policy
    • Editorial Code of Ethics
    • Diversity & Inclusion Policy
    • Fact Checking Policy
    Original content: Global Banking and Finance Review - https://www.globalbankingandfinance.com

    A global financial intelligence and recognition platform delivering authoritative insights, data-driven analysis, and institutional benchmarking across Banking, Capital Markets, Investment, Technology, and Financial Infrastructure.

    Copyright © 2010-2026 - All Rights Reserved. | Sitemap | Tags

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    1. Home
    2. >Finance
    3. >UK statistics office aims to fix labour data by late 2026
    Finance

    UK Statistics Office Aims to Fix Labour Data by Late 2026

    Published by Global Banking & Finance Review®

    Posted on April 10, 2025

    2 min read

    Last updated: January 24, 2026

    Add as preferred source on Google
    UK statistics office aims to fix labour data by late 2026 - Finance news and analysis from Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Quick Summary

    The UK's statistics office plans to overhaul its labour data by late 2026, addressing criticisms from the Bank of England and economists.

    UK Statistics Office to Revamp Labour Data by 2026

    By David Milliken

    LONDON (Reuters) - Britain's statistics office said on Thursday it aimed to complete a revamp of its troubled flagship labour force data by November 2026 though the process could still take until 2027 if further problems emerge.

    The Bank of England and other economists have criticised the quality of the Office for National Statistics' data on unemployment and people in work after a sharp fall in response rates during the COVID-19 pandemic.

    Problems with the data make it harder for the BoE to set interest rates and for the government to design policies to boost employment.

    On Monday Britain's statistics regulator said other countries' statistics offices were not having the same scale of problem and told the ONS to focus its limited resources on the most important numbers. The government has also ordered an inquiry into problems at the ONS.

    The current ONS labour force survey takes the average respondent 45 minutes to complete and the ONS said it had now successfully trialled a shorter 15-minute online survey.

    However, this new survey is not expected to be used as the main input for headline economic data until November 2026 and could take longer.

    "Transition timing will be data-led and could be in 2027 if our assessment or user needs require more data to be collected and assessed," the ONS said.

    Work to improve the labour force survey began in early 2022 and the ONS originally aimed to implement the new survey methods in March 2024.

    The new survey aims to cover 90,000 households each quarter, up from around 63,000 achieved by the current survey in the final quarter of 2024 and a low of around 44,000 in mid 2023.

    Data from the new survey is now scheduled to be published in parallel with the older survey from the first quarter of 2026.

    (Reporting by David Milliken; editing by Suban Abdulla)

    Key Takeaways

    • •ONS aims to complete labour data revamp by November 2026.
    • •BoE and economists criticize current data quality.
    • •New survey to cover 90,000 households quarterly.
    • •Shorter 15-minute survey trialed successfully.
    • •Parallel data publication starts first quarter of 2026.

    Frequently Asked Questions about UK statistics office aims to fix labour data by late 2026

    1What is the main topic?

    The main topic is the UK statistics office's plan to revamp its labour data by late 2026.

    2Why is the labour data being revamped?

    The data is being revamped due to criticisms from the Bank of England and economists about its quality.

    3When will the new survey be implemented?

    The new survey is expected to be implemented by November 2026, with parallel data publication starting in early 2026.

    More from Finance

    Explore more articles in the Finance category

    Image for Nearly half a million customers hit by Lloyds IT glitch that exposed transaction data, committee says 
    Nearly Half a Million Customers Hit by Lloyds IT Glitch That Exposed Transaction Data, Committee Says 
    Image for Pernod Ricard shares rise after merger talks confirmed
    Pernod Ricard Shares Rise After Merger Talks Confirmed
    Image for ECB should not rush to hike rates as baseline still holds, Patsalides says
    ECB Should Not Rush to Hike Rates as Baseline Still Holds, Patsalides Says
    Image for Italian regulator launches probe into LVMH, Sephora for unfair commercial practices
    Italian Regulator Launches Probe Into Lvmh, Sephora for Unfair Commercial Practices
    Image for Germany fines Barclays with 1.65 million eur for late voting rights disclosures
    Germany Fines Barclays With 1.65 Million Eur for Late Voting Rights Disclosures
    Image for AI in ERP and Finance: Why Speed Without Control Is a Risk Enterprises Cannot Afford
    AI in Erp and Finance: Why Speed Without Control Is a Risk Enterprises Cannot Afford
    Image for With 'no place to hide' traders spend sleepless nights as Iran war roils markets
    With 'no Place to Hide' Traders Spend Sleepless Nights as Iran War Roils Markets
    Image for Spain's Santander says it is on track to meet 2026 targets
    Spain's Santander Says It Is on Track to Meet 2026 Targets
    Image for UK regulator investigates five companies for fake reviews and misleading ratings
    UK Regulator Investigates Five Companies for Fake Reviews and Misleading Ratings
    Image for UK retail sales fall by 0.4% in February ahead of Iran war impact
    UK Retail Sales Fall by 0.4% in February Ahead of Iran War Impact
    Image for France's 2025 budget deficit comes in lower than expected, INSEE says
    France's 2025 Budget Deficit Comes in Lower Than Expected, Insee Says
    Image for Novartis to buy U.S.-based biotech firm Excellergy for up to $2 billion
    Novartis to Buy U.S.-based Biotech Firm Excellergy for up to $2 Billion
    View All Finance Posts
    Previous Finance PostPolestar Warns of Tariff Impact After Discounts Boost Quarterly Sales
    Next Finance PostEU Pauses Countermeasures Against US Tariffs, Von Der Leyen Says