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ONS Unveils £10m Overhaul of Economic Statistics

Confidence in the ONS’s core data is expected to improve by spring 2026 under its overhaul plan.

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Overview

  • The Devereux Review identified deep-seated planning and budgeting failures at the ONS and recommended a temporary split of the national statistician and permanent secretary roles.
  • The UK Statistics Authority and Cabinet Office have backed the leadership separation to sharpen oversight of the agency’s core statistics.
  • The government has allocated £10m over two years to recruit up to 150 economic data specialists and overhaul survey methods.
  • Persistent low response rates to the Labour Force Survey and errors in consumer price indices have raised concerns over past employment and inflation figures.
  • The Bank of England has warned that unreliable ONS numbers risk complicating its interest rate decisions.