Saturday, May 16, 2009
You Couldn't Make It Up
Financial times: Ons gets sums wrong on retail sales
nothing like a bit of vested interest to keep the housing/stock market up then...if MP's aren't flipping properties then are they lobbying the ons to fiddle to ONS statistics.....welcome to new labour the corrupt government revealed
Posted by taffee @ 12:00 PM (987 views) Add Comment
11 Comments
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1. dohousescrashinthewoods said...
How can you say "revealed" - they are politicians, corruption is part of the definition.
Maybe one day we'll find a way to alter human nature, but I doubt it.
2. denzil said...
The ONS has overstated the volume of retail sales growth by 56%.
Based on other stats produced by the ONS (CPI, RPI), I would say that being 56% out was one of their better efforts.
3. shipbuilder said...
1. dohousescrashinthewoods said...
"How can you say "revealed" - they are politicians, corruption is part of the definition.
Maybe one day we'll find a way to alter human nature, but I doubt it."
Not our human nature - their human nature. Do you fiddle your expenses?
4. new_order said...
Politicians indeed.
The only person to ever enter Westminster with honest intentions was Guy Fawkes!
5. letthemfall said...
This is just a straightforward statistical cockup rather than a fiddle. The way these things are calculated is quite complicated and depends on the validity of certain assumptions. It pays to take all figures with a sack of salt, especially those quoted by VIs.
6. crunchy said...
@ 4.
Yeah, and he got hang drawn and quartered not suspended!
7. icarus said...
denzil @2 rightly casts doubt on ONS inflation figures. These feed into retail sales (inflation-adjusted), so if inflation is higher than ONS says it is (v likely) then the real growth of retail sales is lower than ONS says it is (apart from other methodological doubts alluded to in the article).
8. icarus said...
@4 - H of Commons barman : "Time, gentlemen please. Have you no second homes to go to" (courtesy of Private Eye)
9. mark said...
from local councils like Cheshire through to MPs now to other bodies pure corruption all the way, where are the police, they should be investigating all this fraud..
Fraudulent planning apps in Cheshire, lost files in Ellesmere Port council when asked for under freedom of information act, MPs stealing money, ONS fluffing figures, this is all FRAUD and should be investigated and people should go to prison......
10. inbreda said...
@9 - the police are too busy taking away our human rights and blowing suspected terrorists heads off.
I wonder - given that MPs profited when selling 2nd homes in the past - if they have to sell them at a loss now, will they expect the taxpayer to make up the shortfall? (rhetorical question as I think they should all be hanged anyway)
11. crunchy said...
Low level crime. An unfortunate diversion keeping the paying public looking at the bottom shelf of a very high stacking system.
A trifle without the topping, whilst tasty, lacking in potential.