The UK Statistics Authority (UKSA) has criticised the methods used by the Office for National Statistics (ONS) when it releases sensitive economic data.
In a report published on its website, the UKSA, which oversees the ONS, said it breaches codes on equality of access by giving journalists pre-release access to important data such as GDP figures, released at 09:30. It said people waiting for the ONS website to load have to wait longer for access to data than those using specialist trading platforms linked to news analytics, which can be transmitted instantaneously. The UKSA said delays to the publication of data on consumer prices indices, GDP, retail sales figures and labour market statistics leaves "some individuals and organisatio...
To continue reading this article...
Join Investment Week for free
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes