Friday, August 22, 2008

Vince hits the nail on the head

Retailers cry foul as economists question official data

Renewed doubts about the quality of official data surfaced yesterday as the Government postponed publication of figures on the housing market. A spokesman for HM Revenue & Customs (HMRC), responsible for the property market data, explained that statisticians and economists at HMRC thought that "something didn't sit right" in the data when they compared them with previous months' results, hence the decision to withhold the information. The Liberal Democrats' Treasury spokesman, Vince Cable, said: "It seems strange that when figures are bad, they are also often late. If we are to have any confidence in government figures, we must know that they are fully independent. Late or inaccurate statistics only go to further undermine this Government's credibility."

Posted by should_of_banked_it @ 08:41 AM (896 views)
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6 thoughts on “Vince hits the nail on the head

  • The Government thinks were stupid.

    If we have all run out of money, no amount of propaganda will convince us otherwise.

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  • Eternal Sceptic says:

    It seems the ONS transfer to Newport was to a fudge factory, or maybe when they transfer the data to London, they manage to lose it like all other government departments.

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  • Mr Bean driving along a windy road blindfolded. That just about sums it up.

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  • My respect for Vince Cable increases daily. If I ever bother to grace the politicians with my presence at voting time, at least I now know what box I will be ticking.

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  • @inbreda

    Agree that VC is a (the?) politician worth voting for. Unfortunately, the LibDems now have a history of reneging on their manifesto which makes them somewhat unelectable IMHO.

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  • @5

    how have they reneged on their manifesto?

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