The late disclosure of the mysterious employer raises doubts about wage data in the United Kingdom

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The late supply of the large employer who has not named the UK Agency in the United Kingdom risk risks the risks of its main official scale in the country, raising doubts about the data directed at monetary policy.

The National Statistics Office said in a small footnote to issue it from the profit numbers last week that it was “an exception”, which was working on reviews that could return further than that of the usual, “to allow the inclusion of the late and updated revenues that we received from one company, as part of improving the quality of these estimates.”

ONS said that the mysterious employer could have a “small impact on the level of the full economy”, and the agency promised a complete interpretation when publishing the reviews.

The profits issued by ONS are based on a survey of companies, and the Bank of England watches them closely when making interest rate decisions.

ONS also said last week that it was reviewing the way it is doing the profit numbers to calculate the seasonal fluctuations – a exercise that is conducting periodically – and that “if necessary”, he would carry out reviews on the entire historical wage data series in the “first part of 2025”.

The reviews are likely to be important because the power of wage growth in the United Kingdom was almost any procedure puzzle For analysts, at a time when the economy and job market is inactive.

the The latest numbers ons The average weekly profit – with the exception of rewards – showed 5.9 percent higher in the three months to January more than one year.

The growth of wages in the private sector increased up, by 6.1 percent, after apparently accelerating it at the end of 2024, even with employers after the tax rise on the companies shown in the budget of Chancellor Rachel Reeves in October.

The Bank of England, which has become increasingly sound about its concerns about the quality of the official statistics of the United Kingdom, drew attention last week to the contradictions between the profits of ONS and other data that suggested wage growth, while it was still strong, was relieving.

The Bank of England also focused attention on the recent fluctuations in GDP data, continuous problems with official labor market data and “the importance of policymakers for high -quality and reliable official data through a full range of economic labor market statistics and employment.”

The profit numbers were not affected by the low response rates by families in the workforce scanning on ONS that support job data.

But Andrew Godwin, the UK’s chief economist in the economic consultations of Oxford, said that, in addition to the well -postponed issues with jobs, population, trade and prices, other problems have emerged with ONS statistics “that have not been officially recognized.”

These “extremist” fluctuations included retail sales numbers around the beginning of the year, and a pattern arising for GDP growth that abandons in the middle of the evaluation year, which suggested problems with seasonal amendments.

Godwin said that the profit numbers “can be said that the most important chain of England Bank”, because it provides an indication of inflationary pressures in the economy.

ONS, who first referred to the possible reviews in February, said it could not be more accurate about the date of its implementation, or to specify the employer concerned.

However, the agency noted that both data based on survey and separate numbers based on tax records showed similar growth to “relatively strong” wages.

ONS said that she regularly reviewed her approach to seasonal modifications as the new data has become available, and that the effects of one time like Covid “need to look carefully at any detailed analysis.”