Blog: Much-maligned ONS figures set for change
Dean Best | 15 May 2009
There is not a great deal of faith in official bodies in the UK right now and, today (15 May), eyebrows were raised when it emerged that the country's stats office is to change the way it measures retail sales.
The Office for National Statistics is to revise the methodology behind the stats, which have been criticised by the retail industry in the past for over-estimating sales.
According to the ONS, the changes to the system has been drawn up after advice from the Bank of England and the Treasury.
Given the confusion and lack of clarity emanating from those two bodies over the state of the economy, it's unclear whether the ONS will be armed with more accurate sales figures.
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