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Economic data sneak peaks?

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BBC Radio 4 More or Less, from 12:11 to 22:05.

Quote

For years statisticians have been calling for an end to the practice of allowing ministers and officials to see official numbers before everyone else. Why does it matter? We tell the strange tale exploring whether economic data is leaked to City traders before its official publication. Could pre-release access to Government statistics be behind strange movements on financial markets? With help from Mike Bird of the Wall Street Journal, and Alex Kurov of the University of West Virginia, we take a look at the evidence.

In a nutshell, it seems highly likely that there's the macroeconomic equivalent of insider trading at ministerial and/or senior civil servant level.

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I heard this yesterday and its well worth a listen.  Warning: its likely to raise your blood pressure.

Its another way the UK doesn't quite work for the many, only for the few.

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