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SUMMARYThe household saving ratio summarises the income and expenditure positions of the household sector. This article considers developments in the ratio during the current recession, discussing the drivers in income and consumption and their interaction in the context of developments in the...
Persistent link: https://www.econbiz.de/10008485529
Describes the significant improvements that the IoS development programme has brought to measuring service sector output.The service sector, since 1970, has increased from 53 per cent of the economy to 74 per cent today. It is nowby far the largest and fastest changing sector of the UK economy....
Persistent link: https://www.econbiz.de/10005080365
This article considers changes in the nature of the balance of trade between 1985 and 2008. The first section examinesthe theories behind trade and the position of the UK relative to its trading partners. Periods of deficit and surplusbetween these dates are then analysed individually, drawing...
Persistent link: https://www.econbiz.de/10008497778
SummaryIn the last couple of years there has been strong interest in economic statistics as the UK economy recovers from its deepest post war recession. This article updates previous work examining the coherence between official economic data published by the Office for National Statistics and...
Persistent link: https://www.econbiz.de/10008864040
SummaryAs part of wider developments to improve the quality of the UK National Accounts, ONS will introduce two key improvements to the methods by which volume estimates of gross domestic product (GDP) are calculated in the Blue Book 2011 consistent Quarterly National Accounts release, which...
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