The Office for Statistics Regulation wrote to Phillip Oppenheim about the UK’s standing in the tech and life sectors
The letter is dated 23 April 2024. The Office for Statistics Regulation published it as Ed Humpherson to Phillip Oppenheim: The UK’s standing in the tech and life sectors.
; it links to 2 official records. Below are 4 passages from the letter in the regulator's own words.
What the Office for Statistics Regulation wrote
“We consider the specification of the claim could have been made clearer as market valuation is not necessarily synonymous with economic activity but has been used by the Chancellor interchangeably.”
“Again, we consider that the statement would benefit from being clear on the specific measure being used to make the claim.”
“HMT informed us that claims on international comparisons are usually based on quarterly GDP data from the relevant National Statistics Institute for each country and were subsequently referenced in the Spring Budget 2024 Data Sources document.”
“We are continuing to work with HMT to ensure future communications are clear and comply with our expectations of intelligent transparency.”
From Ed Humpherson, Director General for Regulation, Office for Statistics Regulation, letter of 23 April 2024. Read the full letter.
Records the letter links to
Receipt
| Read from | https://osr.statisticsauthority.gov.uk/correspondence/ed-humpherson-to-phillip-oppenheim-the-uks-standing-in-the-tech-and-life-sectors/ |
|---|---|
| Date read | 15 October 2026 |
| SHA-256 | 61c136b0cb0349bfa16b126ad5406ad3b5c49c82939f1aee524b389c57789011 |
| PDF on the letter page | https://osr.statisticsauthority.gov.uk/wp-content/uploads/sites/3/2024/05/Ed-Humpherson-to-Phillip-Oppenheim.pdfa16fa0078043b3194999b710d188f0145b1df9c334bc030ec83601374d99fe61 |