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Written question asked by Matthew Pennycook (Labour) on Monday, 25 April 2016, in the House of Commons. It was due for an answer on Wednesday, 27 April 2016. It was answered by Greg Hands (Conservative) on Wednesday, 4 May 2016 on behalf of the Treasury.


Digital Technology: Productivity

Question

To ask Mr Chancellor of the Exchequer, with reference to paragraphs 3.16 to 3.26 of the report, Independent review of UK economic statistics, published on 11 March 2016, what plans he has to improve the accuracy of estimates of the contribution of the digital economy to UK productivity.

Answer

Professor Sir Charles Bean’s Independent Review of Economic Statistics highlighted the importance of proper measurement of the digital economy.

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 the recommendations.


Secondary information

Type
Written question
Reference
35259
Session
2015-16
Subjects
Digital technology Productivity
Link
View this Written question on www.parliament.uk