The Office for National Statistics (ONS) chief executive, Ian Diamond, wrote to the chair of the cross-party committee of MPs yesterday, saying his "ambition" is to introduce a new, more accurate data series in 2026, but it may not happen until a year later.
The committee chair, Meg Hillier, described the news that it may be two years or more before an accurate picture of the labour market is available as "a major blow".
"These delays will make some of the most consequential decisions taken by the Treasury and Bank of England challenging at best and misinformed at worst," she said.
This story is from the December 04, 2024 edition of The Guardian.
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This story is from the December 04, 2024 edition of The Guardian.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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