ONS harnesses big data in effort to quickly spot economic trends

Novel ways of monitoring the UK economy include counting the number of trucks on roadsGovernment statisticians are trying to harness the power of big data technology, monitoring the number of lorries on roads and company VAT receipts, in an attempt to …

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The west must avoid falling into the trap that stifled Japan | Mohamed El-Erian

US and European policymakers once believed they had the tools to deal with sluggish recoveryNot too long ago, the conventional wisdom held that “Japanification” could never happen in western economies. Leading US economists argued that if the combined …

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UK households spend above their income for longest period since 1980s

Average families have been net borrowers since just after Brexit referendum, says ONSBritish households have spent more than they received for an unprecedented nine consecutive quarters amid a longer squeeze on real incomes, according to official figur…

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