UK’s Crisis-Stricken Statistics Body Faces More Funding Cuts

Britain’s embattled statistics organization is facing more real-terms cuts to its core funding despite concerns that financial pressures were one of the main factors behind a crisis in the country’s economic data.

A 27% cash increase for the UK Statistics Authority next year masks a much tighter financial settlement in reality at a time when trust in official data used to set Treasury budgets and Bank of England interest rates has never been lower.