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Investing.com -- The U.K. government announced Tuesday it will commence a review of the Office for National Statistics (ONS).
The examination comes after the ONS has faced criticism for delivering unreliable data, particularly in relation to its labor-force survey, which has been affected by low response rates.
The ONS was also forced to postpone the release of producer-price index data, an important measure of inflation, last month.
Bank of England rate setter Megan Greene, speaking earlier Tuesday, highlighted issues with U.K. economic data as an "additional source of uncertainty" when determining suitable borrowing costs.
The review will delve into the ONS’s data delivery, scrutinize its organizational culture, structure, and leadership, and evaluate its relationship with the government.
The U.K. Statistics Authority, the body which supervises the ONS, will carry out the review, which is expected to conclude in early summer.
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