This document summarizes the agenda and presentations for the ONS Economic Forum. The agenda included welcome and introduction by Sumit Dey-Chowdhury, a presentation on the state of the UK economy by Mike Keoghan, a presentation on the role of labour costs and profits in UK inflation by Stefan Ubovic, and presentations on experimental estimates of green jobs and provisional estimates of greenhouse gas emissions. The forum included discussions on recent inflation trends in the UK, the contributions of labour costs and profits to domestic inflation, estimates of employment in green industries, occupations and firms, and latest estimates of UK greenhouse gas emissions in 2022.
These are the slides presented at the Economic Forum on 18 July 2022.
Showcasing the latest economic and social developments with a wide range of analytic topics. Each month we will feature "State of the Economy", providing a stocktake of the latest trends and developments.
Presentations this month include:
Subnational regional productivity in the UK
Homeworking in the UK - regional patterns: 2019 to 2022
Family spending in the UK
Transforming consumer prices statistics with new data and methods: rail fares and second-hand cars
These are the slides presented at The Greater London Authority , London for the Economic Forum on Thursday 24 October 2019 to provide delegates an understanding of regional statistics.
These are the slides presented at the Economic Forum on 18 July 2022.
Showcasing the latest economic and social developments with a wide range of analytic topics. Each month we will feature "State of the Economy", providing a stocktake of the latest trends and developments.
Presentations this month include:
Subnational regional productivity in the UK
Homeworking in the UK - regional patterns: 2019 to 2022
Family spending in the UK
Transforming consumer prices statistics with new data and methods: rail fares and second-hand cars
These are the slides presented at The Greater London Authority , London for the Economic Forum on Thursday 24 October 2019 to provide delegates an understanding of regional statistics.
ONS Regional Economic Forum presents the current state of the UK economy and present data and analysis for your area at a local level.
With Rebecca Riley, who is an Associate Professor of Impact, Engagement and Enterprise and the Business Development Director for City-REDI and Paul Forrest, Head of Research, Midlands Economic Forum.
These are the slides presented at the Economic Forum on 8 September 2022.
The ONS Regional Economic Forum will present the current state of the UK economy and present data and analysis for your area at a local level.
Presentations include:
Understanding the UK Economy.
Showcase exciting developments supporting the levelling up agenda and work on sub-national data.
Addressing the productivity puzzle: from ONS data to the Transformational Triangle.
Welcome to the monthly economic forum. Here we will be showcasing the latest economic and social developments with a wide range of analytic topics. Each month we will feature 'State of the Economy', providing a stocktake of the latest trends and developments.
Presentations this month include:
New estimates of core inflation - trimmed mean CPI
The Impact of the Coronavirus Pandemic on UK GDP
International Trade Flows of G7 Economies
We also welcome Fergal Shortall, Director of Monetary Analysis, Bank of England who will be providing a welcome to the forum.
These are the slides presented at the Economic Forum on 26 September 2022.
Presentations this month:
Energy spending by businesses
We present our analysis of businesses' energy spending from the Annual Business Survey 2019 and the Annual Purchases Survey 2018 and the resulting experimental measures of energy intensity. We present how energy intensity varies across and within industries, by energy type and firm size, and depending on the type of measure used.
Tightness in the labour market
We will be presenting analysis of various measures of labour market slack and the relationship between industry unemployment and vacancies.
ONS Regional Economic Forum presented the current state of the UK economy and presented data and analysis for your area at a local level.
We welcomed guest speakers from Teesside University, Darlington Economic Campus and Tees Valley Combined Authority.
During ICCI's May Business Lunch, keynote speaker Antony Kelly shared with our business community key insights on end of the financial year main figures.
A one-day event which discussed how the cost of living is affecting the UK economy and what this means for different households, informed by the range of statistics that the Office for National Statistics (ONS) produces.
ONS Regional Economic Forum presents the current state of the UK economy and present data and analysis for your area at a local level.
With Rebecca Riley, who is an Associate Professor of Impact, Engagement and Enterprise and the Business Development Director for City-REDI and Paul Forrest, Head of Research, Midlands Economic Forum.
These are the slides presented at the Economic Forum on 8 September 2022.
The ONS Regional Economic Forum will present the current state of the UK economy and present data and analysis for your area at a local level.
Presentations include:
Understanding the UK Economy.
Showcase exciting developments supporting the levelling up agenda and work on sub-national data.
Addressing the productivity puzzle: from ONS data to the Transformational Triangle.
Welcome to the monthly economic forum. Here we will be showcasing the latest economic and social developments with a wide range of analytic topics. Each month we will feature 'State of the Economy', providing a stocktake of the latest trends and developments.
Presentations this month include:
New estimates of core inflation - trimmed mean CPI
The Impact of the Coronavirus Pandemic on UK GDP
International Trade Flows of G7 Economies
We also welcome Fergal Shortall, Director of Monetary Analysis, Bank of England who will be providing a welcome to the forum.
These are the slides presented at the Economic Forum on 26 September 2022.
Presentations this month:
Energy spending by businesses
We present our analysis of businesses' energy spending from the Annual Business Survey 2019 and the Annual Purchases Survey 2018 and the resulting experimental measures of energy intensity. We present how energy intensity varies across and within industries, by energy type and firm size, and depending on the type of measure used.
Tightness in the labour market
We will be presenting analysis of various measures of labour market slack and the relationship between industry unemployment and vacancies.
ONS Regional Economic Forum presented the current state of the UK economy and presented data and analysis for your area at a local level.
We welcomed guest speakers from Teesside University, Darlington Economic Campus and Tees Valley Combined Authority.
During ICCI's May Business Lunch, keynote speaker Antony Kelly shared with our business community key insights on end of the financial year main figures.
A one-day event which discussed how the cost of living is affecting the UK economy and what this means for different households, informed by the range of statistics that the Office for National Statistics (ONS) produces.
This presentation covers the key question: Why dashboards? Local authorities and other public bodies have largely ended publishing reports and now produce dashboards. What are the factors that have contributed to this change?
This is the first presentation from our Workshop on 21 September 2023 on Dashboards, APIs and PowerBI.
ONS Local has been established by the Office for National Statistics (ONS) to support evidence-based decision-making at the local level. We aim to host insightful events that connect our users with exciting developments happening in subnational statistics and analysis at the ONS and across other organisations.
In April 2022, as the impact of increases in the Cost of Living really came to the forefront, Public Health & Communities, Suffolk County Council published a Cost of Living profile as part of the Joint Strategic Needs Assessment.
Alongside a written Cost of Living report ‘Making ends meet: The cost of living in Suffolk’, an interactive dashboard was also created using Power BI. In addition to internal data flows, publicly available data from sources such as the ONS have been used to provide a rich picture of the current situation for the local community.
The dashboard was developed in order to:
• Provide up to date data and information on the Cost of Living for Suffolk County Council, partner organisations, and members of the public.
• Deliver an interactive tool to allow users to focus on areas most relevant to them.
• Demonstrate that, while increases in the cost of living affect everyone, impact will be greatest for those who are already under financial pressure, exacerbating inequalities.
• Provide a source of actionable insight to support the system with the evidence base needed to support project development, drive change and really make a difference in the community.
Features of the dashboard:
• Place-focused - published at smaller geographies where possible
• Collaborative - Includes local data from across the system such as data shared by Citizens Advice and other system partners.
• Automated - Most data sources have automated connections, meaning there is little manual intervention required.
• Self-Service - Making the report publicly available puts data at the fingertips of colleagues, system partners and members of the public.
• Live - The dashboard is a living report which is frequently updated.
This session will:
• Provide a demonstration of Suffolk County Council’s Cost of Living dashboard
• Give an overview of data sources
• Explore opportunities for automation using Power BI
• Discuss how the data dashboard is used locally
This event is open to all; however, we anticipate it will be of most interest to anyone working on cost of living dashboards at the local level.
If you have any questions, please contact ons.local@ons.gov.uk.
ONS Local has been established by the Office for National Statistics (ONS) to promote evidence-based decision-making at the local level. We aim to host insightful workshops which will provide practical, technical support to help users make the most of ONS data. The Cross-Government Data Science Community brings together data scientists and analysts to build data science capability across the UK governments and public sector.
We are delighted to welcome you to our inaugural Workshop in our new series, entitled: 'How to use APIs'. The session will cover what Application Programming Interfaces (APIs) are, the advantages in using them and a practical demonstration of how they can be used. The journey of two Local Authority analysts as they begin using APIs in place of manual processes will be showcased to the audience. The session will conclude by explaining the plan for the forthcoming series of Workshops that will begin in September and introducing the Slack channel that ONS Local and Cross-Government DS community will be using to support users' technical questions going forward.
This event is open to all; however, we anticipate it will be of most interest to anyone working at a local level on creating data dashboards for internal or external use.
If you have any questions, please contact ons.local@ons.gov.uk.
ONS Local has been established by the Office for National Statistics (ONS) to promote evidence-based decision-making at the local level. We aim to host insightful workshops which will provide practical, technical support to help users make the most of ONS data. The Cross-Government Data Science Community brings together data scientists and analysts to build data science capability across the UK governments and public sector.
We are delighted to welcome you to our inaugural Workshop in our new series, entitled: 'How to use APIs'. The session will cover what Application Programming Interfaces (APIs) are, the advantages in using them and a practical demonstration of how they can be used. The journey of two Local Authority analysts as they begin using APIs in place of manual processes will be showcased to the audience. The session will conclude by explaining the plan for the forthcoming series of Workshops that will begin in September and introducing the Slack channel that ONS Local and Cross-Government DS community will be using to support users' technical questions going forward.
This event is open to all; however, we anticipate it will be of most interest to anyone working at a local level on creating data dashboards for internal or external use.
If you have any questions, please contact ons.local@ons.gov.uk.
ONS Local has been established by the Office for National Statistics (ONS) to promote evidence-based decision-making at the local level. We aim to host insightful workshops which will provide practical, technical support to help users make the most of ONS data. The Cross-Government Data Science Community brings together data scientists and analysts to build data science capability across the UK governments and public sector.
We are delighted to welcome you to our inaugural Workshop in our new series, entitled: 'How to use APIs'. The session will cover what Application Programming Interfaces (APIs) are, the advantages in using them and a practical demonstration of how they can be used. The journey of two Local Authority analysts as they begin using APIs in place of manual processes will be showcased to the audience. The session will conclude by explaining the plan for the forthcoming series of Workshops that will begin in September and introducing the Slack channel that ONS Local and Cross-Government DS community will be using to support users' technical questions going forward.
This event is open to all; however, we anticipate it will be of most interest to anyone working at a local level on creating data dashboards for internal or external use.
If you have any questions, please contact ons.local@ons.gov.uk.
ONS Local has been established by the Office for National Statistics (ONS) to support evidence-based decision-making at the local level. We aim to host insightful events that connect our users with exciting developments happening in subnational statistics and analysis at the ONS and across other organisations.
From 1 August 2019, the Secretary of State for Education delegated responsibility for the commissioning, delivery and management of London’s Adult Education Budget (AEB) to the Mayor of London. The AEB helps Londoners to get the skills they need to progress both in life and work. The overarching aim of London’s AEB is to make adult education in London even more accessible, impactful and locally relevant.
In this presentation, the Greater London Authority will be going through the results of the pioneering 2021/22 London Learner Survey (LLS). The survey’s objective is to gain insight into the outcomes of learners to inform and improve policy. The LLS consists of two linked surveys of learners who participated in GLA-funded Adult Education Budget (AEB) learning in the academic year 2021/22.
In the LLS, Learners are surveyed prior to and 5-7 months after completing their course to estimate the economic and social changes that learners experience following an AEB course.
In particular, the presentation will show the economic impact broken down by:
. Progression into employment
. Progression within work
. Progression into further learning.
The social impact will be explored by looking at changes in:
. Health and wellbeing
. Improved self-efficacy
. Improved social integration
. Participation in volunteering
The presentation will also cover how outcomes vary by funding type, breaking down the results by Community Learning and Adult Skills.
This event is open to all; however, we anticipate it will be of most interest to anyone working at a local level on skills, education and employment.
If you have any questions, please contact ons.local@ons.gov.uk.
ONS Local has been established by the Office for National Statistics (ONS) to support evidence-based decision-making at the local level. We aim to host insightful events that connect our users with exciting developments happening in subnational statistics and analysis at the ONS and across other organisations.
Are you interested in finding, visualising, comparing and downloading a wide range of geographically granular datasets in one place? If so, this webinar is definitely for you!
We will present ONS plans for the development of Explore Subnational Statistics (ESS), a public-facing digital service that will allow users to find out more about local areas across the UK.
We will retrace the main milestones in our journey to date, starting from the launch of ESS vision in the GSS subnational data strategy, then taking a closer look at the Subnational Indicators Explorer, and, finally, outlining a roadmap towards the Beta version of the service.
This event is open to all, however we anticipate it will be of most interest to anyone working at a local level, with data on the policy themes of economy, transport connectivity, education, skills, health and wellbeing, or interested in data visualisation products.
If you have any questions, please contact onslocal@ons.gov.uk
ONS Local has been established by the Office for National Statistics (ONS) to support evidence-based decision-making at the local level. We aim to host insightful events that connect our users with exciting developments happening in subnational statistics and analysis at the ONS and across other organisations.
Education and qualifications have been included as a separate analysis topic in Census for the first time in 2021. In this presentation the Census 2021 Education Analysis team will go through the results from the first two publications in their Analysis Plans, focusing on their impact and use for local authorities and other local users.
In the first publication published on 17th February 2023, 'How workforce qualification levels differ across England and Wales', the analysis looked at qualifications in the workforce population (adults aged 16 years and over who are economically active). The piece focused on trends across local authorities, exploring themes including the North-South divide, coastal towns and regional inequality.
The second publication examines the variations in the levels of qualifications that people hold by their country of birth. This includes establishing patterns across UK geographies for international migrants.
The session included live demonstrations of the interactive maps used in the publications, and how the data can be used by local authorities.
This recording is open to all, however we anticipate it will be of most interest to anyone working at a local level on skills, education and employment.
If you have any questions, please contact ons.local@ons.gov.uk
Welcome to the monthly economic forum. Here we will be showcasing the latest economic and social developments with a wide range of analytic topics. Each month we will feature ‘State of the Economy’, providing a stocktake of the latest trends and developments.
ONS Local has been established by the Office for National Statistics (ONS) to support evidence-based decision-making at the local level. We aim to host insightful events that connect our users with exciting developments happening in subnational statistics and analysis at the ONS and across other organisations.
Have you ever wondered which local authorities are similar to each other? This presentation discusses cluster analysis ONS has published to draw insight into which local authorities are performing in a similar way against key policy themes, promoting greater joined up working between local authorities with similar characteristics to address common problems they face. Our analysis also provides local authorities with control groups for investigating the impact of policy interventions.
In this webinar, we will cover the methods used to create our outputs, demonstrate some of our findings in our interactive visualisation tool and present information on our future plans to expand on this work.
This event is open to all, however we anticipate it will be of most interest to anyone working at a local level, or with data on the policy themes of economy, transport connectivity, education, skills, health and wellbeing.
If you have any questions, please contact ons.local@ons.gov.uk
ONS Local has been established by the Office for National Statistics (ONS) to support evidence-based decision-making at the local level. We aim to host insightful events that connect our users with exciting developments happening in subnational statistics and analysis at the ONS and across other organisations.
On 28th June 2022, Census 2021 released their first results, followed by data covering eight topics and more recently launched a new ‘Create a custom dataset’ tool. We will take you through a tour of the products such as census maps, build a custom area profile, create your own custom dataset tool and pre-built tables, as well as census analysis plans and how you can carry out your own analysis using census data.
This event is open to all, however we anticipate it will be of most interest to anyone working at a local level on Census data or on any Census topics.
If you have any questions, please contact ons.local@ons.gov.uk
Welcome to the monthly economic forum. Here we will be showcasing the latest economic and social developments with a wide range of analytic topics. Each month we will feature ‘State of the Economy’, providing a stocktake of the latest trends and developments.
Public Policy Analysis Forums hosted our second Annual Crime and Justice Statistics Forum, which provided users of crime and justice statistics an opportunity to engage with experts, share insights and discuss the future of our statistics and foster future collaboration.
This half day virtual event was opened by ONS senior leaders, offering their perspective on ONS ambitions for business statistics.
Attendees will hear updates from the producers of key UK business surveys, data, statistics and projects, including:
Annual Business Survey (ABS)
Annual Purchases Survey (APS)
Business Enterprise Research and Development (BERD) survey
Government Research and Development (GovERD) survey
Business Insights and Conditions Survey (BICS)
Regional Gross Domestic Product
Inter-Departmental Business Register (IDBR) and transformation to the Statistics Business Register (SBR)
Longitudinal Business Database (LBD) and other linked business microdata
Secure Research Service (SRS) and transformation to the Integrated Data Service (IDS)
Many ways to support street children.pptxSERUDS INDIA
By raising awareness, providing support, advocating for change, and offering assistance to children in need, individuals can play a crucial role in improving the lives of street children and helping them realize their full potential
Donate Us
https://serudsindia.org/how-individuals-can-support-street-children-in-india/
#donatefororphan, #donateforhomelesschildren, #childeducation, #ngochildeducation, #donateforeducation, #donationforchildeducation, #sponsorforpoorchild, #sponsororphanage #sponsororphanchild, #donation, #education, #charity, #educationforchild, #seruds, #kurnool, #joyhome
ZGB - The Role of Generative AI in Government transformation.pdfSaeed Al Dhaheri
This keynote was presented during the the 7th edition of the UAE Hackathon 2024. It highlights the role of AI and Generative AI in addressing government transformation to achieve zero government bureaucracy
Up the Ratios Bylaws - a Comprehensive Process of Our Organizationuptheratios
Up the Ratios is a non-profit organization dedicated to bridging the gap in STEM education for underprivileged students by providing free, high-quality learning opportunities in robotics and other STEM fields. Our mission is to empower the next generation of innovators, thinkers, and problem-solvers by offering a range of educational programs that foster curiosity, creativity, and critical thinking.
At Up the Ratios, we believe that every student, regardless of their socio-economic background, should have access to the tools and knowledge needed to succeed in today's technology-driven world. To achieve this, we host a variety of free classes, workshops, summer camps, and live lectures tailored to students from underserved communities. Our programs are designed to be engaging and hands-on, allowing students to explore the exciting world of robotics and STEM through practical, real-world applications.
Our free classes cover fundamental concepts in robotics, coding, and engineering, providing students with a strong foundation in these critical areas. Through our interactive workshops, students can dive deeper into specific topics, working on projects that challenge them to apply what they've learned and think creatively. Our summer camps offer an immersive experience where students can collaborate on larger projects, develop their teamwork skills, and gain confidence in their abilities.
In addition to our local programs, Up the Ratios is committed to making a global impact. We take donations of new and gently used robotics parts, which we then distribute to students and educational institutions in other countries. These donations help ensure that young learners worldwide have the resources they need to explore and excel in STEM fields. By supporting education in this way, we aim to nurture a global community of future leaders and innovators.
Our live lectures feature guest speakers from various STEM disciplines, including engineers, scientists, and industry professionals who share their knowledge and experiences with our students. These lectures provide valuable insights into potential career paths and inspire students to pursue their passions in STEM.
Up the Ratios relies on the generosity of donors and volunteers to continue our work. Contributions of time, expertise, and financial support are crucial to sustaining our programs and expanding our reach. Whether you're an individual passionate about education, a professional in the STEM field, or a company looking to give back to the community, there are many ways to get involved and make a difference.
We are proud of the positive impact we've had on the lives of countless students, many of whom have gone on to pursue higher education and careers in STEM. By providing these young minds with the tools and opportunities they need to succeed, we are not only changing their futures but also contributing to the advancement of technology and innovation on a broader scale.
Jennifer Schaus and Associates hosts a complimentary webinar series on The FAR in 2024. Join the webinars on Wednesdays and Fridays at noon, eastern.
Recordings are on YouTube and the company website.
https://www.youtube.com/@jenniferschaus/videos
Russian anarchist and anti-war movement in the third year of full-scale warAntti Rautiainen
Anarchist group ANA Regensburg hosted my online-presentation on 16th of May 2024, in which I discussed tactics of anti-war activism in Russia, and reasons why the anti-war movement has not been able to make an impact to change the course of events yet. Cases of anarchists repressed for anti-war activities are presented, as well as strategies of support for political prisoners, and modest successes in supporting their struggles.
Thumbnail picture is by MediaZona, you may read their report on anti-war arson attacks in Russia here: https://en.zona.media/article/2022/10/13/burn-map
Links:
Autonomous Action
http://Avtonom.org
Anarchist Black Cross Moscow
http://Avtonom.org/abc
Solidarity Zone
https://t.me/solidarity_zone
Memorial
https://memopzk.org/, https://t.me/pzk_memorial
OVD-Info
https://en.ovdinfo.org/antiwar-ovd-info-guide
RosUznik
https://rosuznik.org/
Uznik Online
http://uznikonline.tilda.ws/
Russian Reader
https://therussianreader.com/
ABC Irkutsk
https://abc38.noblogs.org/
Send mail to prisoners from abroad:
http://Prisonmail.online
YouTube: https://youtu.be/c5nSOdU48O8
Spotify: https://podcasters.spotify.com/pod/show/libertarianlifecoach/episodes/Russian-anarchist-and-anti-war-movement-in-the-third-year-of-full-scale-war-e2k8ai4
What is the point of small housing associations.pptxPaul Smith
Given the small scale of housing associations and their relative high cost per home what is the point of them and how do we justify their continued existance
A process server is a authorized person for delivering legal documents, such as summons, complaints, subpoenas, and other court papers, to peoples involved in legal proceedings.
Jennifer Schaus and Associates hosts a complimentary webinar series on The FAR in 2024. Join the webinars on Wednesdays and Fridays at noon, eastern.
Recordings are on YouTube and the company website.
https://www.youtube.com/@jenniferschaus/videos
Understanding the Challenges of Street ChildrenSERUDS INDIA
By raising awareness, providing support, advocating for change, and offering assistance to children in need, individuals can play a crucial role in improving the lives of street children and helping them realize their full potential
Donate Us
https://serudsindia.org/how-individuals-can-support-street-children-in-india/
#donatefororphan, #donateforhomelesschildren, #childeducation, #ngochildeducation, #donateforeducation, #donationforchildeducation, #sponsorforpoorchild, #sponsororphanage #sponsororphanchild, #donation, #education, #charity, #educationforchild, #seruds, #kurnool, #joyhome
SlideShare ONS Economic Forum Slidepack - 16 October 2023
1. ONS Economic Forum
Chair – Sumit Dey-Chowdhury
@ONSfocus #ONSEconForum slido #37970
Deputy Director
Economic and Microdata Insights
Office for National Statistics
2. Agenda
• 09:30am – 09:35am Welcome and introduction – Sumit Dey-Chowdhury, Deputy Director, Economic and
Microdata Insights, Office for National Statistics
• 09:35am – 09:50am State of the UK economy – Mike Keoghan, Direct General for Economic, Social and
Environmental Group, Office for National Statistics
• 09:50am – 10:00am The role of labour costs and profits in UK inflation – Stefan Ubovic, Office for National
Statistics
• 10:00am – 10:10am Experimental estimates of green jobs and provisional estimates of greenhouse gas
emissions – Gemma Thomas and Alexandra Christenson, Office for National Statistics
• 10:10am – 10:25am Questions and answers
• 10:25am – 10:30am Closing remarks – Sumit Dey-Chowdhury, Deputy Director, Economic and Microdata
Insights, Office for National Statistics
@ONSfocus #ONSEconForum slido #37970
3. State of the UK Economy
October 2023
Mike Keoghan
Direct General for Economic, Social and
Environmental Group
Office for National Statistics
@ONSfocus #ONSEconForum slido #37970
4. Inflation seems set to continue falling as energy prices decrease
and underlying inflation shows tentative signs of easing
Source: ONS, Bank of England Source: ONS – Prices
0
2
4
6
8
10
12
14
-2
0
2
4
6
8
10
12
2019 2020 2021 2022 2023
Percentage
Points
Contributions to CPI , January 2019 to December
2023
Services
Electricity and gas
Fuels and lubricants
Other goods
Food and non-alcoholic beverages
CPI
0%
1%
2%
3%
4%
5%
6%
7%
8%
UK Inflation measures, January 2002 to August 2023
Core CPI
Service CPI
15% trim
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5. Market expectations of rising interest rates may be
tempered by lower inflation
Source: Bank of England Source: Bank of England, US Federal Reserve
0
0.1
0.2
0.3
0.4
0.5
0.6
0.7
0.8
0.9
1
0%
1%
2%
3%
4%
5%
6%
7%
2020 2021 2022 2023 2024 2025 2026
Outturn and market-implied path of interest rates,
January 2020 - September 2026
Outrun
May 2023 forecast (bank)
August 2023 forecast (bank)
0
1
2
3
4
5
6
Jan-16 Jan-17 Jan-18 Jan-19 Jan-20 Jan-21 Jan-22 Jan-23
Per
cent
Nominal yield curves, 10-year gilts, UK and US, 4
January 2016 to 5 October 2023
UK
US
@ONSfocus #ONSEconForum slido #37970
6. Recent economic activity has been characterized by high
volatility
Source: ONS – Monthly GDP Source: ONS – Monthly GDP
-1.0%
-0.5%
0.0%
0.5%
1.0%
Jan-22 Apr-22 Jul-22 Oct-22 Jan-23 Apr-23 Jul-23
Change in monthly GDP, January 2022 - August 2023
Month/Month 3m/3m
-0.8%
-0.6%
-0.4%
-0.2%
0.0%
0.2%
0.4%
0.6%
0.8%
1.0%
Contributions to monthly GDP growth,
August 2022 - August 2023
Services Production Construction GDP
@ONSfocus #ONSEconForum slido #37970
7. Public sector net debt has reached a 70-year high as debt
interest payments have risen sharply
Source: ONS – Public Sector Finance Source: ONS – Public Sector Finance
0%
1%
2%
3%
4%
5%
Government interest payments as a percentage of GDP,
1955/56 to 2022/23
0%
20%
40%
60%
80%
100%
120%
140%
Percentage
of
GDP
UK public sector net debt, percentage of GDP,
financial year ending 1921 to August 2023
@ONSfocus #ONSEconForum slido #37970
8. Public sector net worth has continued to decrease, with
the UK ranking lowly among advanced economies
Source: ONS – Public Sector Finance Source: OBR, IMF
-4000
-3000
-2000
-1000
0
1000
2000
3000
4000
Aug 2002 Aug 2005 Aug 2008 Aug 2011 Aug 2014 Aug 2017 Aug 2020 Aug 2023
Billion
(£)
UK public sector net worth, August 2002 to August
2023
PSND ex Other financial liabilities
Illiquid financial assets Non-financial assets
PSNFW ex PSNW ex
-300
-200
-100
0
100
200
300
400
500
600
Per
cent
of
GDP
Public sector net worth for advanced economies, 2021
Total assets Total liabilities Net worth
@ONSfocus #ONSEconForum slido #37970
9. Disposable income has grown slightly in recent quarters,
while households are saving more
Source: ONS – Sector Accounts Source: ONS – GDP
0%
5%
10%
15%
20%
25%
30%
2000 Q1 2004 Q3 2009 Q1 2013 Q3 2018 Q1 2022 Q3
Households' saving ratio, Q1 2000 to Q2 2023
@ONSfocus #ONSEconForum slido #37970
-3%
-2%
-1%
0%
1%
2%
3%
4%
2000 Q1 2004 Q3 2009 Q1 2013 Q3 2018 Q1 2022 Q3
Quarter-on-quarter
change
Real Households' disposable income per head, latest
quarter-on-quarter, Q1 2000 to Q2 2023
10. Projections suggest relatively weak growth and
persistent inflation for the UK, among the G7
Source: IMF Source: IMF
-1.0% -0.5% 0.0% 0.5% 1.0% 1.5% 2.0% 2.5%
Germany
United Kingdom
Italy
France
Canada
Japan
United States
Annual Growth
GDP projected growth rates for G7, 2023 and 2024
2023 2024
0
0.1
0.2
0.3
0.4
0.5
0.6
0.7
0.8
0.9
1
-2%
0%
2%
4%
6%
8%
10%
12%
14%
2019 2020 2021 2022 2023 2024 2025 2026
Inflation outturn and forecasts across the G7, 2019 to
2026
United Kingdom
Canada
France
Germany
Italy
Japan
United States
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11. Conclusions
• Headline inflation continues to fall, though core inflation is
proving to be more persistent with only tentative falls in recent
months
• Against this backdrop of high inflation, GDP growth remains
subdued
• Public sector debt levels continue to increase, with the UK
particularly exposed to increasing debt interest payments.
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12. Office for National Statistics
The role of labour costs
and profits in UK
inflation
Stefan Ubovic
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13. The three approaches to gross domestic product (GDP)
Source: ONS
Consumption
+
Investment
+
Government
+
Net exports
Wages
+
Profits
+
‘Other’ income
+
Net taxes
Agriculture
+
Manufacturing
+
Construction
+
Service
Expenditure
approach
Income
approach
Output
approach = =
GDP =
By dividing the income accounts by the volume of GDP, we can look at the contributions of
labour costs, profits and net taxes to the movements in this implied price of GDP
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14. Domestic inflation in the UK has increased in recent years
owing to a higher contribution of labour costs and profits
Source: ONS
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15. In relative terms, income shares of labour costs and profits
have not change much compared with their trend since 2000
Source: ONS
% of GDP 2000 – 2009 2010 – 2019 H1 2023
Unit labour cost 49.5 48.7 49.0
Unit profits 21.6 22.2 22.8
Unit other income 17.7 17.1 18.5
Unit net taxes 11.1 12.1 9.7
Note: Labour costs comprised 54.9% of GDP over the period 1970 to 1979, while profits
were 19.4% of GDP for the same period; Source: ONS
Table 1: Labour costs and profits as a share of nominal GDP
Source: ONS
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16. Labour cost and profits contributions to domestic inflation in
the UK are not markedly dissimilar to other G7 economies
Source: OECD, ONS
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17. Key takeaways
Domestic inflation has increased in the UK in recent years owing to
higher contribution of labour costs and higher contribution of profits
In relative terms, the income shares of labour costs and profits have
not changed much and remain broadly in line with their trend over the
previous 25 years
The role of labour costs and profits in domestic inflation in the UK is
not markedly different compared with other advanced economies
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18. Green economy – recent
publications
Gemma Thomas and Alexandra Christenson
20. Green jobs
• Lots of interest in green jobs but limited understanding of the term, and
differing estimates around it depending on definition and method
• ONS has undertaken a project to define and measure green jobs
• Released a definition in March 2023 after user engagement:
“employment in an activity that contributes to protecting or restoring
the environment, including those that mitigate or adapt to climate
change”
• Developed estimates using three approaches – industry, occupation and firm
• Published experimental green jobs statistics on 27th Sept
21. The energy efficient products and waste sectors accounted for around
40% of employment in green industries in 2020
0
100000
200000
300000
400000
500000
600000
2015 2016 2017 2018 2019 2020
Employment,
full
time
equivalent
Employment in green jobs by activity, UK: 2015 to 2020
Energy efficient products Waste Repairs Water quantity Renewable energy Environmental charities Other
Source: Office for National Statistics
Notes:
1. Data is based on experimental estimates and is subject to revision as definition, methods and data sources are reviewed
2. The category “other” is obtained from combining the remaining 16 activities
Jobs in green industries
22. Source: Office for National Statistics,
Opinions and Lifestyle Survey
Notes:
1. Question: Would you describe any part
of your job as a “green job”?
2. Base: All working adults within each
region. Those who didn’t respond to the
question have been excluded from the
base.
0 10 20 30 40 50 60
Great Britain
Scotland
Wales
England
North East
East Midlands
West Midlands
East of England
North West
London
South West
South East
Yorkshire and The Humber
Percentage of working adults who described any part of their job as green, by region,
Great Britain, 4 to 29 May 2023
Working adults in Scotland and Wales were more likely to describe any
part of their job as green than those in England (May 2023)
Green occupations
23. In 2021, almost half of employees worked in an industry that contributed
less than 1% of total GHG emissions
0.00% 5.00% 10.00% 15.00% 20.00% 25.00%
Electricity and gas
Manufacturing
Transportation and storage
Agriculture, forestry and fishing
Water and waste management
Mining and quarrying
Wholesale and retail trade
Construction
Human health and social work activities
Public administration
Accommodation and food service
Administrative and support service
Education
Professional, scientific and technical
Arts, entertainment and recreation
Other service activities
Real estate activities
Information and communication
Financial and insurance activities
Activities of households as employers
Percentage of total greenhouse gas emissions (residence basis) and total
employees by industry, UK, 2021
% of GHG Emissions % of Employees
Source: Office for National Statistics
Notes:
1. Employees refers to anyone aged 16
years or over that an organisation directly
pays from its payroll(s), in return for
carrying out a full-time or part-time job or
being on a training scheme and excludes
those who are self-employed, voluntary
workers and working owners who are not
paid through Pay As You Earn (PAYE).
2. Number of employees for activities of
households as employers; undifferentiated
goods and services-producing activities of
households for own use is not available.
3. The percentage of greenhouse gases has
been calculated excluding emissions from
households, so refers to percentage of
total greenhouse gases produced by the
economy.
Jobs in green firms
24. The electricity and gas industry produces 663 tonnes of greenhouse
gases per employee
0 100 200 300 400 500 600 700
Electricity and gas
Mining and quarrying
Agriculture, forestry and fishing
Water and waste management
Transport and storage
Manufacturing
Greenhouse gas emissions (tonnes of carbon dioxide equivalent) per
employee by industry, UK, 2021
Source: Office for National Statistics
Notes:
1. Intensity has been calculated by dividing
greenhouse gas emissions (residence basis,
excluding emissions by households) by number
of employees.
2. Employees refers to anyone aged 16 years or
over that an organisation directly pays from its
payroll(s), in return for carrying out a full-time or
part-time job or being on a training scheme and
excludes those who are self-employed,
voluntary workers and working owners who are
not paid through Pay As You Earn (PAYE).
3. Industries with intensity of less than 10 have
been excluded from the chart; figures can be
found in the accompanying dataset.
Jobs in green firms
26. Air emissions generated by UK economic activities are
increasing after a fall during the pandemic
• UK greenhouse gas emissions (GHG)
(residence basis) increased by 2% between
2021 and 2022 (provisional)
• Estimated that the UK emitted 512 million
tonnes of carbon dioxide equivalent (co2e)
in 2022 – 7% below pre-pandemic levels
• 190 tonnes of CO2e emitted per million
pounds produced (gross value added)
0.0
100,000.0
200,000.0
300,000.0
400,000.0
500,000.0
600,000.0
700,000.0
800,000.0
900,000.0
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
Thousand
tonnes
of
co2e
UK greenhouse gas emissions – 2022 provisional
27. Transport sector continues to increase post-
pandemic
• Largest increase in emissions observed
in the Transport sector
• Up 34% in 2022 compared with 2021,
following a fall of 28% in 2020 during the
coronavirus pandemic and a 9% decrease in
2021
• Consumer expenditure is the largest
single contributor to UK emissions (25%
of total in 2022)
0.0
50,000.0
100,000.0
150,000.0
200,000.0
250,000.0
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
Thousand
tonnes
of
co2e
Top industry emitters – provisional 2022 estimates
Consumer expenditure Electricity, gas, steam and air conditioning supply
Manufacturing Transport and storage
28. What other measures of greenhouse gasses exists?
• Residence – emissions from UK
residents and UK registered
businesses in the UK or abroad
• Territorial – emissions occurring
within the borders of the UK
• Consumption/Footprint -
emissions from the consumption
spending of UK residents on
goods and services, wherever in
the world these emissions arise
along the supply chain
0.0
200,000.0
400,000.0
600,000.0
800,000.0
1,000,000.0
1,200,000.0
Thousand
tonnes
of
Co2e
Comparison of the three GHG emissions measures (provisional residence and territorial
emissions)
Residence Territorial Consumption/Footprint
29. Conclusion
• Our latest estimates of green jobs show that UK employment in green
industries was estimated to be 526,000 full time equivalent in 2020
• The energy sector produces the most emissions per employee, at around
663 tonnes of GHG emissions (CO2 equivalent)
• Air emissions trending towards pre-pandemic levels
These and other publications can be found on our Environmental Accounts
page: Environmental accounts - Office for National Statistics (ons.gov.uk)
Contact: environment.accounts@ons.gov.uk
31. Activities
• Alternative fuels, including hydrogen
• Bioenergy
• Carbon capture and storage
• Energy-efficient products
• Energy saving and monitoring
• Energy storage
• Environmental charities
• Environmental consultancy n.e.c.
• Environmental-related education
• Grid infrastructure
• In-house environmental activities
• Low carbon transport
• Management of forests
• Managerial activities of government
bodies
• Nature protection and restoration
(excluding forests)
• Nuclear power
• Recycling
• Renewable energy
• Repairs
• Waste
• Wastewater
• Water quantity
32. Closing remarks
Chair – Sumit Dey-Chowdhury
@ONSfocus #ONSEconForum
Deputy Director
Economic and Microdata Insights
Office for National Statistics
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33. Forthcoming ONS economic analysis
17 October 2023 Prices Theme Day
20 October 2023 Public Sector Finances, UK: September 2023
20 October 2023 Retail Sales, Great Britain: September 2023
23 October 2023 Private rental affordability, England: 2022
25 October 2023 UK Business Register and Employment Survey (BRES): provisional results 2022
26 October 2023 Business demography, quarterly experimental statistics, UK: July to September 2023
31 October 2023 UK Balance of Payments, The Pink Book: 2023
31 October 2023 UK National Accounts, The Blue Book: 2023
1 November 2023: Employee earnings in the UK: 2023
All information on upcoming analysis can be found via the ONS website
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34. Dates for your diary
24 October 2023 – Urban Natural Capital Accounts seminar
13 November 2023 – ONS Economic Forum
Further details on the above event and any upcoming events will be published at
ons.gov.uk/economicevents
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35. Consultation on the future of population and
migration statistics – closes 26 October 2023
On 29 June 2023, we launched a public consultation on our proposals for a transformed
population and migration statistics system. These statistics cover a wide range of areas,
including household characteristics, employment, health, religion and international migration.
We welcome contributions from all users. This includes those who are experienced users of
ONS’s statistics, through to those who are looking to use ONS population and migration data
for the first time. We value everyone’s feedback.
More information on the consultation can be found at consultations.ons.gov.uk/ or you can
contact the ONS for further information about this consultation
at: 2023consultation@ons.gov.uk
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36. Thank you for attending the
Economic Forum
You can keep up to date on all upcoming events via
ons.gov.uk/economicevents
If you would like to ask a question or provide any feedback, please do so
via economic.engagement@ons.gov.uk
Editor's Notes
Same time period??
The industry approach includes all jobs in a green industries or sectors. In 2020, UK employment in green industries was estimated to be 526,000 full time equivalent
Our occupation-based approach measures all jobs that are "green" regardless of the industry they are in. In May 2023, around a quarter (27%) of working adults in Great Britain reported they would describe any part of their job as a "green job", based on our definition
A firm-based approach to measuring green jobs would measure all jobs in firms classified as "green".