On Wednesday, the Office for National Statistics for the first time published regional growth figures for the UK. The obvious question that popped into my mind was to compare the Scottish growth with that published by the Scottish government.
I produced the following chart and wrote what looked like a cracking story because the ONS measure showed little over half the growth of the Scottish Government data, raising questions over the strength of Scotland’s economy.
Scottish officials were naturally upset with the ONS calculation and these were “experimental” figures, so the Scottish government’s data is most likely to be accurate. The difference, however is so large that it requires a bit more analysis. The ONS put out a statement in response to the FT’s article saying it had gaffed. But the statement did not help much.