Quite the UK GDP revision today - hugely higher level - almost 2% up
— Chris Giles (@ChrisGiles_) September 1, 2023
- ONS found stockbuilding down the back of the sofa in 2020
- and foud wholesale and health services much stronger than expected in 2021
Means the UK is not a global outlier any more.... pic.twitter.com/Sc621UWPrn
As I have said many times, the fact that the ONS constantly has to revise its figures upwards means that its figures cannot be relied on for real time decision making and forward planning.
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