Economists fear official data underestimate firms’ investment

Tim Wallace
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BRITAIN’S official statistics do not properly measure investment in the services sector, TheCityUK and former-Bank of England policymaker Andrew Sentance warn in a report out today.

Their analysis indicates research and investment, as well as investment in workers’ skills, are not properly shown in official data.

“If the wrong things are being measured, or the right things are being measured poorly, it will be much harder to encourage the conditions needed to ensure vital investment is made,” said Sentance. “We need swifter action.”