Mystery employer’s late disclosure raises doubts about UK wage data
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According to the unnamed major employees of the United Kingdom Statistics Agency, the main official way to grow in the country’s salary is at risk, raising suspicions about the data leading monetary policy.
The National Statistics Office said in a little observed reports that the release of honored indicators last week that “as an exception” was working on the reviews that could be returned to one business as part of the quality of these assessments.
Including the mysterious employer could “have a small impact on the level of the economy,” the agency said that it promised a full explanation when it published the revisions.
The two-made earnings are based on a business research and closely follow the Bank of England when making interest rates.
Last week, it also said that it was reviewing the way that would prepare earnings for seasonal fluctuations.
Reviews may be of great importance, as the UK’s salary growth has been almost any measure Intellect For analysts, when the economy and jobs are stagnant.
Is Last current figures Showing the average weekly earnings, excluded bonuses, was 5.9 percent more than a year earlier in three months.
The growth of the salary of the private sector was higher than 6.1 percent, after the end of 2024, even as employers were reduced to the business budget mentioned in Chancellor Rachel Revels’ budget.
Boy, which has become more and more vocal about his concerns about the quality of the official statistics of the United Kingdom, has drawn attention to disagreements between merits and other data last week, while he was still strong.
BOE also paid attention to the latest instability of GDP data, official labor market data and “high quality and reliable official data policy.”
Earnings have been affected by households in response to the recession of interest rates to the labor survey, which involve job data.
But Andrew Goodwin, the British Chief Economist in the Oxford Economics, said that there were other issues related to jobs, population, trade and prices, statistics. ”
They included “extreme” swings in retail sales during the year, and the formation of GDP growth tailing dump, half of the calendar year, which offered seasonal adjustments.
Goodwin said that earnings “The most important series of England’s bank” because they offer an indicator of inflationary pressures in the economy.
The questions that celebrated possible reviews in February for the first time, say it may not be more accurate when they will be implemented or revealed to the interested employer.
However, the agency noted that both research-based data and individual numbers based on tax records are similar to the growth of “relatively strong” salary.
The agreements say that it regularly reviewed its approach to seasonal adjustments, as new data became available, and that one-time epidemic needs to be considered carefully in any detailed analysis. ”