The UK Statistics Authority wrote to John McDonnell MP about statements on Labour Party’s Inclusive Ownership Funds policy

31 October 2018 · Sir David Norgrove, UK Statistics Authority

The letter is dated 31 October 2018. The UK Statistics Authority published it as Statements on Labour Party’s Inclusive Ownership Funds policy. Below are 3 passages from the letter in the regulator's own words.

What the UK Statistics Authority wrote

“Our estimates for its size, using the same database, in the final year of the Labour government, are £2.1bln”.”

“We were asked to consider the evidence base underpinning the claim that “That’s 11 million workers each with a greater say, and a greater stake in the rewards of their labour” and that “Dividend payments made through IOFs...would result in re-distribution of the benefits of wealth.”

“We spoke to your office who provided sources underpinning the statement on employment, and gave a breakdown of the approach taken to deriving the surplus funds arising from the policy.”

From Sir David Norgrove, UK Statistics Authority, letter of 31 October 2018. Read the full letter.

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