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A.steve
Someone said this to me:

QUOTE
The UK is currently reviewing the GDP figures in order to determine if the financial sector is adequately measured, I think this is being done by the treasury and could provide some interesting answers, this may be available on its website.


I've done some googling and searching - but I can't find anything. Has anyone here seen anything relevant?
TaxFree
From the BBC 23rd May - Gordon Brown's economic options
http://news.bbc.co.uk/1/hi/business/7417256.stm

QUOTE
Any chance of fudging his fiscal rules?

Luckily for the Chancellor, some salvation is at hand in the form of a planned revision of GDP by the Office for National Statistics, expected in the autumn.

By changing the way that the UK financial sector is valued, this could increase the estimated size of the economy by about 2% of GDP.

If that happened, the 40% of GDP ceiling for public debt would automatically go up about £12bn, and the Chancellor would have room to make this year's tax cuts permanent and perhaps announce some more.

A.steve
QUOTE (TaxFree @ Jun 17 2008, 09:58 PM) *
From the BBC 23rd May - Gordon Brown's economic options


Ah-ha... so that's evidence that it is real... I wonder if there are any more concrete details? If we can review GDP calculations and get a bigger number, isn't it possible that another review could get a smaller number?

Here's an article in the FT that was recommended elsewhere...

I'd still like to get a handle on the nuts-and-bolts of what is being recommended.
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