Reposted by Joe Lanman
Why good stats matter:
‘The rise in inactivity was a key concern for the Bank of England in setting interest rates, and a factor influencing then Conservative chancellor Jeremy Hunt’s introduction of a £5bn-a-year childcare subsidy in 2023.’
www.ft.com/content/78ec...
ft.com
Post-Covid economic inactivity was much lower than thought, ONS says
Findings come days after agency said UK productivity grew twice as fast as estimated after global financial crisis