THE TIMES: Productivity may be better than thought after ONS gets wires crossed

Press/Media: Research

Release date: 19/1/2018

Description

Britain’s productivity could be better than thought because officials may have underestimated the size of the telecoms industry. Advances in broadband and digital technology may not have been shown in GDP numbers by the Office for National Statistics, analysis suggests.

Media coverage

TitleBritain's economy could be BIGGER than thought because officials 'may not have been counting the telecoms industry properly'
Media name/outletMail Online
Media typeWeb
CountryUnited Kingdom
Date19/01/18
DescriptionBritain's economy could be bigger than thought because officials may not have been counting the telecoms industry properly, a report has found.

The strides made in broadband and digital technology have not been properly measured by the UK's official statistical body, researchers said.

The Office for National Statistics failed to spot that the sector has become up to 90 per cent more efficient over the past five years.

It means the UK's productivity may have been underestimated and that the UK's economy could be bigger than previously thought.
URLwww.dailymail.co.uk/news/article-5288145/UK-economy-BIGGER-telecoms-counted-incorrectly.html
PersonsDiane Coyle
TitleProductivity may be better than thought after ONS gets wires crossed
Media name/outletThe Times
Media typeWeb
CountryUnited Kingdom
Date19/01/18
DescriptionBritain’s productivity could be better than thought because officials may have underestimated the size of the telecoms industry. Advances in broadband and digital technology may not have been shown in GDP numbers by the Office for National Statistics, analysis suggests.
URLhttps://www.thetimes.co.uk/article/productivity-may-be-better-than-thought-after-ons-gets-wires-crossed-hhm73prkv
PersonsDiane Coyle