'Treasury and Bank of England ‘isk making bad decisions’ amid complaints about quality of official employment data

Policymakers risk making “misinformed” decisions because they are relying on a defective jobs survey that may not be fixed until 2027, the chair of the Treasury select committee has warned.

The Office for National StatisticsONS) chief executive, Ian Diamond, wrote to the chair of the cross-party committee of MPs on Tuesday, saying his “ambition” is to introduce a new, more accurate data series in 2026, but it may not happen until a year later.