Finance
UK regulator says it is 'critical' ONS reverses data quality slump
Published by Global Banking & Finance Review®
Posted on April 7, 2025
1 min readLast updated: January 24, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on April 7, 2025
1 min readLast updated: January 24, 2026
The UK regulator insists the ONS must improve data quality within four weeks, focusing on unemployment and economic statistics, to restore confidence.
LONDON (Reuters) - Britain's Office for National Statistics must take urgent steps within the next four weeks to reverse a fall in the quality of key economic statistics including those for unemployment, a regulator said on Monday.
"It is critical that ONS takes decisive action to restore confidence. ONS should publish a fully resourced plan to recover its social survey operation and reduce risk in its business survey operation ... within four weeks of the publication of this review," the Office for Statistics Regulation said.
(Reporting by David Milliken; Editing by William Schomberg)
The article discusses the UK regulator's demand for the ONS to improve the quality of its economic statistics, particularly unemployment data.
High-quality data is crucial for accurate economic analysis and policy-making, affecting decisions on unemployment and other economic indicators.
The ONS is expected to publish a fully resourced plan to recover its social survey operation and reduce risk in its business survey operation within four weeks.
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