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
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    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.

    Home > Finance > UK launches probe into data issues at statistics office
    Finance

    UK launches probe into data issues at statistics office

    Published by Global Banking & Finance Review®

    Posted on April 1, 2025

    1 min read

    Last updated: January 24, 2026

    UK launches probe into data issues at statistics office - 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 government has initiated a probe into the ONS due to unreliable labour market data, impacting economic decisions.

    UK Begins Investigation into ONS Data Reliability Issues

    LONDON (Reuters) - Britain's government on Tuesday launched an investigation into the effectiveness and delivery of official economic data published by the Office for National Statistics, which has come under fire for its unreliable labour market figures.

    The probe, commissioned by the Cabinet Office and the UK's Statistics Authority regulator, will start this week and is expected to conclude in early summer.

    "This review is an opportunity to help ensure that the ONS can deliver of its best in what is a challenging external environment," Robert Chote, chair of the UK Statistics Authority, said.

    In March, the ONS postponed publication of trade and producer price inflation datasets, adding to its struggles to fix problems with its labour statistics.

    The Bank of England relies on the ONS' labour market statistics as part of its decision-making process interest rates.

    The review will be led by former senior civil servant Robert Devereux and will examine the structure, leadership and culture at the ONS, and look at the effectiveness of its sponsorship relationships with the government and Treasury.

    (Reporting by Suban Abdulla, editing by Andy Bruce)

    Key Takeaways

    • •The UK government has launched a probe into the ONS.
    • •The investigation focuses on unreliable labour market data.
    • •The review is led by Robert Devereux, a former senior civil servant.
    • •The probe will examine the ONS's structure, leadership, and culture.
    • •The Bank of England relies on ONS data for interest rate decisions.

    Frequently Asked Questions about UK launches probe into data issues at statistics office

    1What is the main topic?

    The main topic is the UK government's investigation into the ONS for unreliable economic data.

    2Why is the ONS under investigation?

    The ONS is under investigation due to unreliable labour market figures affecting economic decisions.

    3Who is leading the review?

    The review is led by Robert Devereux, a former senior civil servant.

    More from Finance

    Explore more articles in the Finance category

    Image for Bitcoin on the cusp of $60,000 as investors flee risky bets
    Bitcoin on the cusp of $60,000 as investors flee risky bets
    Image for Dollar set for strongest week since November, yen steadies before polls
    Dollar set for strongest week since November, yen steadies before polls
    Image for Stocks tumble as AI rout deepens, cryptos rebound
    Stocks tumble as AI rout deepens, cryptos rebound
    Image for Oil extends decline ahead of US-Iran talks
    Oil extends decline ahead of US-Iran talks
    Image for Britain expects Arctic security plans to be discussed by NATO next week
    Britain expects Arctic security plans to be discussed by NATO next week
    Image for Lidl GB follows Aldi UK and Sainsbury’s with above‑inflation pay rise
    Lidl GB follows Aldi UK and Sainsbury’s with above‑inflation pay rise
    Image for Treasury's Bessent says further Russian sanctions depend on peace talks
    Treasury's Bessent says further Russian sanctions depend on peace talks
    Image for Trading Day: AI, crypto routs deepen
    Trading Day: AI, crypto routs deepen
    Image for Coty shifts focus to core brands under new CEO, withdraws full-year outlook
    Coty shifts focus to core brands under new CEO, withdraws full-year outlook
    Image for BP's Whiting refinery workers prepare for potential strike as union talks falter
    BP's Whiting refinery workers prepare for potential strike as union talks falter
    Image for Danone recalls batches of infant formula in Austria, Germany
    Danone recalls batches of infant formula in Austria, Germany
    Image for US, China opt out of joint declaration on AI use in military
    US, China opt out of joint declaration on AI use in military
    View All Finance Posts
    Previous Finance PostKKR partner says fund is analysing FiberCop-Open Fiber tie-up
    Next Finance PostBayer eyes launch of menopause relief, heart drugs this year