Cookies are small files stored on your device when you visit a website. We use some essential cookies to make this website work.
We would like to set additional cookies to remember your settings and understand how you use the site. This helps us to improve our services.
You have accepted all additional cookies. You have rejected all additional cookies. You can change your cookie preferences at any time. Hide
We moved them to The National Archives website, to keep this website as responsive as possible.
Please note: all historical data is still on this website.
Loading search results
Select another topic or clear all filters.
ONS has classified the Bank of England’s Term Funding Scheme (TFS) in accordance with international rules set out in the European System of Accounts 2010 (ESA 2010) and accompanying statistical manuals. ONS has concluded that its economic statistics will reflect the TFS in the public sector balance sheet through both a loan asset for the TFS lending to banks and building societies, and a deposit liability relating to the creation of central bank reserves. However, as the classification decision also dictates that the loan assets are to be recorded as illiquid assets, the impact of the TFS on the Public Sector Net Debt will be to increase it by the value of the central bank reserves created to fund the TFS lending (all else being equal). The Bank of England has indicated that the value of lending in the TFS could reach £100 billion. This paper describes how the TFS, which became operational in September 2016, works and based on this how ONS has decided that the scheme transactions and stock are to be classified in the National Accounts and related economic statistics. The classification review also took into account previous decisions on similar schemes, such as the Funding for Lending Scheme (FLS) and the Special Liquidity Scheme (SLS), and contrasts the classification decisions for these different schemes.
The net rate of return on capital employed for UK private non-financial corporations related to their UK operations.
The main economic stories from national statistics produced over the latest month, painting a coherent picture of the UK economic performance using recent economic data.
Provides detailed estimates of quarterly sector accounts that can be found in the UK Economic Accounts (UKEA).
This forward work plan sets out the units and transactions which we expect to assess and classify in the coming 12 months.
As announced in the June 2016 Classifications Forward Work Plan, ONS has undertaken a review of the statistical classification of registered social landlords and housing associations in Scotland, Wales and Northern Ireland. This followed a similar review into private registered providers (PRPs) of social housing in England, concluded in 2015. ONS has concluded that registered providers of social housing in Scotland, Wales and Northern Ireland are public, market producers and as such they will be reclassified to the Public Non-Financial Corporations (S.11001) sub-sector for the purpose of national accounts and other ONS economic statistics.
The view from ONS of the emerging picture of the UK economy after the EU referendum. It uses a range of ONS data including prices, trade, employment and retail sales data published since the referendum.
This article informs users of the planned scope and content of the 'UK National Accounts: The Blue Book: 2017 edition', and ‘UK Balance of Payments: The Pink Book: 2017 edition’, due to be published on 31 October 2017.
Annual estimates of the market value of financial and non-financial assets for the UK, providing a measure of the nation's wealth.
