Developing financial statistics for policy - Progress report January 2011

Graeme Walker
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Graeme Walker: Office for National Statistics

Economic & Labour Market Review, 2011, vol. 5, issue 1, 46-58

Abstract: SummaryThe July 2009 special edition of the Economic & Labour Market Review (ELMR) included a series of articles reporting progress on work that was launched in the autumn of 2008 as the ONS's response to the financial crisis. Those articles included 14 recommendations that, when implemented, would improve financial statistics in the UK, particularly in the context of their inclusion in the National Accounts. This note reports progress on the further work that has been undertaken since that time on those recommendations and other related issues that have emerged in the last year. It concludes that there have been a number of improvements to the National Accounts arising from this work although there is more to do. However, future projects may be more focussed on meeting macroprudential policy needs rather than improving the National Accounts per se.

Date: 2011
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