Economic Situation

HM Treasury written question – answered on 27th April 2016.

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Photo of Matthew Pennycook Matthew Pennycook Labour, Greenwich and Woolwich

To ask Mr Chancellor of the Exchequer, what assessment he has made of the implications for his policies of the report by the Office for National Statistics, the Feasibility of measuring the sharing economy, published in April 2016.

Photo of Harriett Baldwin Harriett Baldwin The Economic Secretary to the Treasury

HM Treasury has taken note of this feasibility study. Professor Sir Charles Bean’s Independent Review of Economic Statistics highlighted the importance of proper measurement of the sharing economy and to enable the Office for National Statistics to develop world-leading analytical and digital capabilities in economic measurement, the government will invest over £10m in a new hub for data science and a centre for excellence in economic measurement in line with recommendations.

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