Title Britain's economy could be BIGGER than thought because officials 'may not have been counting the telecoms industry properly' Media name/outlet Mail Online Media type Web Country/Territory United Kingdom Date 19/01/18 Description Britain's economy could be bigger than thought because officials may not have been counting the telecoms industry properly, a report has found.
The strides made in broadband and digital technology have not been properly measured by the UK's official statistical body, researchers said.
The Office for National Statistics failed to spot that the sector has become up to 90 per cent more efficient over the past five years.
It means the UK's productivity may have been underestimated and that the UK's economy could be bigger than previously thought.
URL www.dailymail.co.uk/news/article-5288145/UK-economy-BIGGER-telecoms-counted-incorrectly.html Persons Diane Coyle Title Productivity may be better than thought after ONS gets wires crossed Media name/outlet The Times Media type Web Country/Territory United Kingdom Date 19/01/18 Description Britain’s productivity could be better than thought because officials may have underestimated the size of the telecoms industry. Advances in broadband and digital technology may not have been shown in GDP numbers by the Office for National Statistics, analysis suggests. URL https://www.thetimes.co.uk/article/productivity-may-be-better-than-thought-after-ons-gets-wires-crossed-hhm73prkv Persons Diane Coyle