22nd January 2018

UK Growth and inflation figures cast into doubt

This week we got the welcome news that inflation might have peaked, with the latest figures showing a slight decline. However, it seems we may never know the true effect of this on the UK economy after it was revealed that there are major flaws in the way the Office for National Statistics calculates growth and inflation. Given that their numbers govern everything from gilt yields to student loans, and even had a hand in last year’s interest rate rise, it would be nice to know they were correct.

 

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