Good to see FT catching up with Tom Rees piece on the UK's faulty jobs data not being replaced with a working version until 2027. bloomberg.com/news/articles/…

in the UK we no longer get good numbers on the number of jobs and workers in the economy, massively harming our ability to set policy the reason? Apparently a "culture of fear" at the ONS with staff too anxious to raise Qs brill reporting from Tom Rees and Philip Aldrick

A culture of fear at the ONS is partly to blame for the collapse in quality of UK jobs data. Staff fear for their "psychological safety”, believe they must relay "positive messaging", talk of "anxiety." Managers must encourage "candour". w/ Tom Rees bloomberg.com/news/articles/…

More on the state of the ONS and the problems with the labour market data

Dysfunction at the ONS. What’s gone wrong with the UK’s statistics and why it’s a BIG problem. Tom Rees joined me and Lizzy Burden with his exclusive story. bloomberg.com/news/audio/202…

Latest exclusive from us on the ONS data crisis: - a survey that helps produce the GDP data has seen a collapse in responses similar to those that hit the labour market figures - ONS forced to take action after response rate plunged to 22% Read here 👇 bloomberg.com/news/articles/…

Pretty dismal numbers to end the year on: - No growth in Q3 even before budget hysteria really ramped up - GDP per head still below pre-pandemic levels - Saving ratio remains at over 10%, suggests consumer caution lingering - No growth in real disposable incomes per head

The UK has seen gilt yields rise sharply in early 2025 no doubt but they don't look quite as horrific when you look at it like this. Gloomy UK narrative looks overdone - 2-yr yield in line. - 10-yr yield 5bps above average - 30-yr yield a bit worse, 7bps above average

The fall in inflation may be partially down to a quirk on air fares, making a rebound likely The ONS took return leg prices on Christmas Eve and New Year's Eve, artificially bringing down prices and services inf as travelers don't like to fly on those days bloomberg.com/news/articles/…

Our exclusive story today reveals how exposed Reeves is to the rapidly deteriorating growth picture. She would face a £30 billion hole in her budget plans if the OBR downgraded its forecasts to be in line with private sector economists. Read here 👇 bloomberg.com/news/articles/…

Here is the real world consequence for Reeves of the lack of growth plan so far: The chancellor would be left with a £30 billion black hole if her plans were based on up-to-date City forecasts, Bloomberg calculations show Via Tom Rees >> bloomberg.com/news/articles/…

Our latest exclusive on the crisis at the UK statistics agency 👇 - Regulators are doing a sweeping examination of the ONS's surveys to see if more are affected by a plunge in responses - Problems found with two more surveys, including one that helps produce GDP estimates

Amazing tale from Tom Rees and Irina Anghel The ONS is struggling to collect critical labour market survey data because people aren't answering the door after checking their video doorbells bloomberg.com/news/articles/…

Great report card from Labour's first months in power from Philip Aldrick One of Starmer's pledges even gets a 1/10 score 😬 bloomberg.com/news/features/… via Bloomberg Politics

Exclusive from us on a shake-up at the top of the ONS: - The ONS's deputy national statistician is leaving after string of high-profile problems with key economics data Read more below 👇 bloomberg.com/news/articles/… via Bloomberg Economics

ONS confirms our exclusive story that Ian Diamond has resigned as head of the national statistics body! It came after mounting pressures over the ONS's handling of a collapse in response rates to key household surveys. It had made its unemployment and employment figures uselss

This is our inside look at what went so wrong at the ONS. We spoke to over 20 insiders who peeled back the curtain, revealing deep-seated problems from accusations of bullying to chaos at the top of stats body. Lots of new stuff in there. Read below 👇

BOE Governor Bailey has just confirmed our scoop from this morning that the central bank will step back from creating a digital pound if commercial banks press ahead enough with payment innovations. Read our story 👇 bloomberg.com/news/articles/…