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UK Faces Economic Forecast Crisis Amid Data Quality Issues

8/22/2025

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Summary

Story summary

The UK's Office for National Statistics (ONS) is experiencing data quality issues affecting economic forecasts for the autumn budget.
The Office for Budget Responsibility (OBR) cautions that these issues may result in fiscal errors by Chancellor Rachel Reeves.
Economists highlight inadequate labor market data due to low survey response rates following COVID-19.
The ONS faces pressure to enhance data collection methods with new leadership.

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Story summary

The UK's Office for National Statistics (ONS) is experiencing data quality issues affecting economic forecasts for the autumn budget.
The Office for Budget Responsibility (OBR) cautions that these issues may result in fiscal errors by Chancellor Rachel Reeves.
Economists highlight inadequate labor market data due to low survey response rates following COVID-19.
The ONS faces pressure to enhance data collection methods with new leadership.