Tom Rees
@tomreesjournalist.bsky.social
Bloomberg UK economy reporter. Want to get in touch? trees20@bloomberg.net. Views my own.
Trio of Bank of England exclusives:
1) BOE looks to have stablecoin rules in place by end of 2026 to keep pace with US bit.ly/4hq4gVY
2) BOE begins industry outreach over private credit stress tests bit.ly/47mMpuw
3) BOE plans to move out of its Moorgate office where the PRA is house bit.ly/4oyoH5k
1) BOE looks to have stablecoin rules in place by end of 2026 to keep pace with US bit.ly/4hq4gVY
2) BOE begins industry outreach over private credit stress tests bit.ly/47mMpuw
3) BOE plans to move out of its Moorgate office where the PRA is house bit.ly/4oyoH5k
UK Targets End-2026 for Stablecoin Rules to Keep Pace With US
The Bank of England is aiming to have new stablecoin regulations in place by the end of next year, as policymakers around the world battle to contain risks to financial stability from the spread of th...
bit.ly
October 23, 2025 at 7:39 AM
Trio of Bank of England exclusives:
1) BOE looks to have stablecoin rules in place by end of 2026 to keep pace with US bit.ly/4hq4gVY
2) BOE begins industry outreach over private credit stress tests bit.ly/47mMpuw
3) BOE plans to move out of its Moorgate office where the PRA is house bit.ly/4oyoH5k
1) BOE looks to have stablecoin rules in place by end of 2026 to keep pace with US bit.ly/4hq4gVY
2) BOE begins industry outreach over private credit stress tests bit.ly/47mMpuw
3) BOE plans to move out of its Moorgate office where the PRA is house bit.ly/4oyoH5k
BOE Governor Bailey has just confirmed our scoop from this morning that the central bank will step back from creating a digital pound if commercial banks press ahead enough with payment innovations.
Read our story 👇
www.bloomberg.com/news/article...
Read our story 👇
www.bloomberg.com/news/article...
Bank of England Considers Shelving Plans for a Digital Pound
Bank of England officials are mulling whether to set aside plans to create a digital pound for households amid growing skepticism over the project’s benefits, the latest sign of dwindling support for ...
www.bloomberg.com
July 22, 2025 at 10:11 AM
BOE Governor Bailey has just confirmed our scoop from this morning that the central bank will step back from creating a digital pound if commercial banks press ahead enough with payment innovations.
Read our story 👇
www.bloomberg.com/news/article...
Read our story 👇
www.bloomberg.com/news/article...
This is our inside look at what went so wrong at the ONS. We spoke to over 20 insiders who peeled back the curtain, revealing deep-seated problems from accusations of bullying to chaos at the top of stats body. Lots of new stuff in there. Read here 👇
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
How Britain’s Stats Geeks Lost Track of the Economy
Just before midday on May 9, employees of the Office for National Statistics were summoned to an urgent call.
www.bloomberg.com
May 24, 2025 at 11:01 AM
This is our inside look at what went so wrong at the ONS. We spoke to over 20 insiders who peeled back the curtain, revealing deep-seated problems from accusations of bullying to chaos at the top of stats body. Lots of new stuff in there. Read here 👇
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
Reposted by Tom Rees
As @gavinfreeguard.bsky.social says, this is big news
The ONS has started to take action to get a grip on data problems
But there are long-standing concerns about the pipeline of stats leaders, so who will fill the vacancy?
From a few weeks ago: www.instituteforgovernment.org.uk/comment/offi...
The ONS has started to take action to get a grip on data problems
But there are long-standing concerns about the pipeline of stats leaders, so who will fill the vacancy?
From a few weeks ago: www.instituteforgovernment.org.uk/comment/offi...
May 9, 2025 at 12:15 PM
As @gavinfreeguard.bsky.social says, this is big news
The ONS has started to take action to get a grip on data problems
But there are long-standing concerns about the pipeline of stats leaders, so who will fill the vacancy?
From a few weeks ago: www.instituteforgovernment.org.uk/comment/offi...
The ONS has started to take action to get a grip on data problems
But there are long-standing concerns about the pipeline of stats leaders, so who will fill the vacancy?
From a few weeks ago: www.instituteforgovernment.org.uk/comment/offi...
Reposted by Tom Rees
May 9, 2025 at 11:57 AM
ONS confirms our exclusive story that Ian Diamond has resigned as head of the national statistics body! It came after mounting pressures over the ONS's handling of a collapse in response rates to key household surveys. It had made its unemployment and employment figures useless
May 9, 2025 at 11:46 AM
ONS confirms our exclusive story that Ian Diamond has resigned as head of the national statistics body! It came after mounting pressures over the ONS's handling of a collapse in response rates to key household surveys. It had made its unemployment and employment figures useless
Exclusive from us on a shake-up at the top of the ONS:
- The ONS's Deputy National Statistician is leaving after string of high-profile problems with key economics data
- He was official that BOE's Huw Pill sent his infamous letter to last year
Read here 👇
www.bloomberg.com/news/article...
- The ONS's Deputy National Statistician is leaving after string of high-profile problems with key economics data
- He was official that BOE's Huw Pill sent his infamous letter to last year
Read here 👇
www.bloomberg.com/news/article...
Britain’s GDP Numbers Will Be Affected by Latest Stats Problem
The UK’s embattled statistics agency is quietly shaking up its top team after a string of high-profile problems with key economics data.
www.bloomberg.com
March 21, 2025 at 1:52 PM
Exclusive from us on a shake-up at the top of the ONS:
- The ONS's Deputy National Statistician is leaving after string of high-profile problems with key economics data
- He was official that BOE's Huw Pill sent his infamous letter to last year
Read here 👇
www.bloomberg.com/news/article...
- The ONS's Deputy National Statistician is leaving after string of high-profile problems with key economics data
- He was official that BOE's Huw Pill sent his infamous letter to last year
Read here 👇
www.bloomberg.com/news/article...
Great report card from Labour's first months in power from
@philaldrick.bsky.social
One of Starmer's pledges even gets a 1/10 score 😬
www.bloomberg.com/news/feature...
@philaldrick.bsky.social
One of Starmer's pledges even gets a 1/10 score 😬
www.bloomberg.com/news/feature...
Starmer’s Battle on the Home Front: Is Labour Delivering on Its Promises?
Eight months after Labour’s landslide victory, Bloomberg examines if the UK government is on track to meet key election pledges.
www.bloomberg.com
March 14, 2025 at 11:41 AM
Great report card from Labour's first months in power from
@philaldrick.bsky.social
One of Starmer's pledges even gets a 1/10 score 😬
www.bloomberg.com/news/feature...
@philaldrick.bsky.social
One of Starmer's pledges even gets a 1/10 score 😬
www.bloomberg.com/news/feature...
Reposted by Tom Rees
Amazing tale from @tomreesjournalist.bsky.social and @irinaanghel.bsky.social
The ONS is struggling to collect critical labour market survey data because people aren't answering the door after checking their video doorbells www.bloomberg.com/news/article...
The ONS is struggling to collect critical labour market survey data because people aren't answering the door after checking their video doorbells www.bloomberg.com/news/article...
UK Statistician Blames Cuts and Smart Doorbells for Data Crisis
The head of the UK’s statistics agency has blamed budget cuts and the spread of video doorbells for a crisis around the quality of its data.
www.bloomberg.com
February 4, 2025 at 3:03 PM
Amazing tale from @tomreesjournalist.bsky.social and @irinaanghel.bsky.social
The ONS is struggling to collect critical labour market survey data because people aren't answering the door after checking their video doorbells www.bloomberg.com/news/article...
The ONS is struggling to collect critical labour market survey data because people aren't answering the door after checking their video doorbells www.bloomberg.com/news/article...
Our latest exclusive on the crisis at the UK statistics agency 👇
- Regulators are doing a sweeping examination of the ONS's surveys to see if more are affected by a plunge in responses
- Problems found with 2 more surveys, inc. one that helps produce GDP estimates www.bloomberg.com/news/article...
- Regulators are doing a sweeping examination of the ONS's surveys to see if more are affected by a plunge in responses
- Problems found with 2 more surveys, inc. one that helps produce GDP estimates www.bloomberg.com/news/article...
Regulators Investigate How Far Britain’s Data Crisis Has Spread
Regulators are investigating whether more of the UK’s official economic statistics have been hit by problems similar to those that plunged crucial labor market data into chaos.
www.bloomberg.com
January 31, 2025 at 12:35 PM
Our latest exclusive on the crisis at the UK statistics agency 👇
- Regulators are doing a sweeping examination of the ONS's surveys to see if more are affected by a plunge in responses
- Problems found with 2 more surveys, inc. one that helps produce GDP estimates www.bloomberg.com/news/article...
- Regulators are doing a sweeping examination of the ONS's surveys to see if more are affected by a plunge in responses
- Problems found with 2 more surveys, inc. one that helps produce GDP estimates www.bloomberg.com/news/article...
Reposted by Tom Rees
Here is the real world consequence for Reeves of the lack of growth plan so far:
The chancellor would be left with a £30 billion black hole if her plans were based on up-to-date City forecasts, Bloomberg calculations show
Via @tomreesjournalist.bsky.social
www.bloomberg.com/news/article...
The chancellor would be left with a £30 billion black hole if her plans were based on up-to-date City forecasts, Bloomberg calculations show
Via @tomreesjournalist.bsky.social
www.bloomberg.com/news/article...
Faltering UK Growth Risks £30 Billion Hole in Reeves’ Budget
Chancellor of the Exchequer Rachel Reeves would be left with a £30 billion ($36.7 billion) black hole if her plans were based on up-to-date City forecasts instead of the UK’s official growth projectio...
www.bloomberg.com
January 18, 2025 at 8:59 AM
Here is the real world consequence for Reeves of the lack of growth plan so far:
The chancellor would be left with a £30 billion black hole if her plans were based on up-to-date City forecasts, Bloomberg calculations show
Via @tomreesjournalist.bsky.social
www.bloomberg.com/news/article...
The chancellor would be left with a £30 billion black hole if her plans were based on up-to-date City forecasts, Bloomberg calculations show
Via @tomreesjournalist.bsky.social
www.bloomberg.com/news/article...
Our exclusive story this afternoon reveals how exposed Reeves is to the rapidly deteriorating growth picture.
She would face a £30 billion hole in her budget plans if the OBR downgraded its forecasts to be in line with private sector forecasters. Read here 👇
www.bloomberg.com/news/article...
She would face a £30 billion hole in her budget plans if the OBR downgraded its forecasts to be in line with private sector forecasters. Read here 👇
www.bloomberg.com/news/article...
Faltering UK Growth Risks £30 Billion Hole in Reeves’ Budget
Chancellor of the Exchequer Rachel Reeves would be left with a £30 billion ($36.7 billion) black hole if her plans were based on up-to-date City forecasts instead of the UK’s official growth projectio...
www.bloomberg.com
January 17, 2025 at 2:38 PM
Our exclusive story this afternoon reveals how exposed Reeves is to the rapidly deteriorating growth picture.
She would face a £30 billion hole in her budget plans if the OBR downgraded its forecasts to be in line with private sector forecasters. Read here 👇
www.bloomberg.com/news/article...
She would face a £30 billion hole in her budget plans if the OBR downgraded its forecasts to be in line with private sector forecasters. Read here 👇
www.bloomberg.com/news/article...
At risk of being too in the weeds on inflation, the fall may be partially down to a quirk on air fares
The ONS took return leg prices on Christmas Eve and New Year's Eve, artificially bringing down prices and services inf as travelers don't like to fly on those days
www.bloomberg.com/news/article...
The ONS took return leg prices on Christmas Eve and New Year's Eve, artificially bringing down prices and services inf as travelers don't like to fly on those days
www.bloomberg.com/news/article...
UK Inflation Lowered by Stats Body Using Christmas Eve Air Fares
Slower inflation looked like a pleasant surprise for the British economy, when figures for December were published on Wednesday morning — but economists have noticed an unusually festive reason why th...
www.bloomberg.com
January 16, 2025 at 10:33 AM
At risk of being too in the weeds on inflation, the fall may be partially down to a quirk on air fares
The ONS took return leg prices on Christmas Eve and New Year's Eve, artificially bringing down prices and services inf as travelers don't like to fly on those days
www.bloomberg.com/news/article...
The ONS took return leg prices on Christmas Eve and New Year's Eve, artificially bringing down prices and services inf as travelers don't like to fly on those days
www.bloomberg.com/news/article...
The UK has seen gilt yields rise sharply in early 2025 no doubt but they don't look quite as horrific when you look at it like this. Gloomy UK narrative looks overdone
- 2-yr yield in line with rest of Europe/US
- 10-yr yield 5bps above average move
- 30-yr yield a bit worse, 7bps above average
- 2-yr yield in line with rest of Europe/US
- 10-yr yield 5bps above average move
- 30-yr yield a bit worse, 7bps above average
January 13, 2025 at 5:26 PM
The UK has seen gilt yields rise sharply in early 2025 no doubt but they don't look quite as horrific when you look at it like this. Gloomy UK narrative looks overdone
- 2-yr yield in line with rest of Europe/US
- 10-yr yield 5bps above average move
- 30-yr yield a bit worse, 7bps above average
- 2-yr yield in line with rest of Europe/US
- 10-yr yield 5bps above average move
- 30-yr yield a bit worse, 7bps above average
Reposted by Tom Rees
Great explainer from @tomreesjournalist.bsky.social on why recent UK market turmoil isn’t quite another Liz Truss moment - but is still causing headaches for Chancellor Rachel Reeves www.bloomberg.com/news/article...
Is Britain’s Labour Party Facing a Liz Truss Moment?
A rout in UK bonds has evoked memories of the market crisis during Liz Truss’s calamitous premiership and raised questions over Chancellor of the Exchequer Rachel Reeves’ budget plans.
www.bloomberg.com
January 9, 2025 at 5:14 PM
Great explainer from @tomreesjournalist.bsky.social on why recent UK market turmoil isn’t quite another Liz Truss moment - but is still causing headaches for Chancellor Rachel Reeves www.bloomberg.com/news/article...
Reposted by Tom Rees
Really great (and very accessible!) explainer by @tomreesjournalist.bsky.social on what’s been going on in UK markets, including why it’s not as bad as the Truss disaster but still very worrying for Reeves >>>
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
Is Britain’s Labour Party Facing a Liz Truss Moment?
A rout in UK bonds has evoked memories of the market crisis during Liz Truss’s calamitous premiership and raised questions over Chancellor of the Exchequer Rachel Reeves’ budget plans.
www.bloomberg.com
January 9, 2025 at 4:58 PM
Really great (and very accessible!) explainer by @tomreesjournalist.bsky.social on what’s been going on in UK markets, including why it’s not as bad as the Truss disaster but still very worrying for Reeves >>>
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
Pretty dismal numbers to end the year on:
- No growth in Q3 even before budget hysteria really ramped up
- GDP per head still below pre-pandemic levels
- Saving ratio remains elevated at over 10%, suggests consumer caution lingering
- No growth in real disposable incomes per head
- No growth in Q3 even before budget hysteria really ramped up
- GDP per head still below pre-pandemic levels
- Saving ratio remains elevated at over 10%, suggests consumer caution lingering
- No growth in real disposable incomes per head
Plus:
The UK economy failed to grow in the third quarter, according to revised estimates that suggest the slowdown since Labour took office has been sharper than thought
Via @tomreesjournalist.bsky.social >>> www.bloomberg.com/news/article...
The UK economy failed to grow in the third quarter, according to revised estimates that suggest the slowdown since Labour took office has been sharper than thought
Via @tomreesjournalist.bsky.social >>> www.bloomberg.com/news/article...
UK Economy Stalled After Labour Took Office, Revised Data Show
The UK economy failed to grow in the third quarter, according to revised estimates that suggest the slowdown since Labour took office has been sharper than thought.
www.bloomberg.com
December 23, 2024 at 8:31 AM
Pretty dismal numbers to end the year on:
- No growth in Q3 even before budget hysteria really ramped up
- GDP per head still below pre-pandemic levels
- Saving ratio remains elevated at over 10%, suggests consumer caution lingering
- No growth in real disposable incomes per head
- No growth in Q3 even before budget hysteria really ramped up
- GDP per head still below pre-pandemic levels
- Saving ratio remains elevated at over 10%, suggests consumer caution lingering
- No growth in real disposable incomes per head
Latest exclusive from us on the ONS data crisis:
- a survey that helps produce the GDP data has seen a collapse in responses similar to those that hit the labour market figures.
- ONS forced to take action after drop in responses to as low as 22%
Read here 👇
www.bloomberg.com/news/article...
- a survey that helps produce the GDP data has seen a collapse in responses similar to those that hit the labour market figures.
- ONS forced to take action after drop in responses to as low as 22%
Read here 👇
www.bloomberg.com/news/article...
Doubts About UK Statistics Agency’s Surveys Spread to GDP Data
The same kind of survey failures that have left the UK unsure about the number of people in Britain’s workforce are now raising doubts about the size of its economy.
www.bloomberg.com
December 22, 2024 at 3:41 PM
Latest exclusive from us on the ONS data crisis:
- a survey that helps produce the GDP data has seen a collapse in responses similar to those that hit the labour market figures.
- ONS forced to take action after drop in responses to as low as 22%
Read here 👇
www.bloomberg.com/news/article...
- a survey that helps produce the GDP data has seen a collapse in responses similar to those that hit the labour market figures.
- ONS forced to take action after drop in responses to as low as 22%
Read here 👇
www.bloomberg.com/news/article...
The PMIs can overreact to political news but other labour market surveys have also shown demand for workers sinking post budget.
The silver lining was the PMI suggested this was more about cutting working hours and not replacing leavers than redundancies
The silver lining was the PMI suggested this was more about cutting working hours and not replacing leavers than redundancies
NEW: UK PMI Shows Businesses Slashed Jobs After Budget Tax Hikes
Britain's private-sector firms cut jobs at the fastest pace since the global financial crisis outside the pandemic
Business confidence sank to a two-year low
Via @tomreesjournalist.bsky.social
www.bloomberg.com/news/article...
Britain's private-sector firms cut jobs at the fastest pace since the global financial crisis outside the pandemic
Business confidence sank to a two-year low
Via @tomreesjournalist.bsky.social
www.bloomberg.com/news/article...
UK PMI Shows Businesses Slashed Jobs After Chancellor’s Tax Hike
Britain's private-sector firms cut jobs at the fastest pace since the global financial crisis, outside the pandemic, an early sign of the fallout from Chancellor Rachel Reeves' £26 billion ($33 billio...
www.bloomberg.com
December 16, 2024 at 11:24 AM
The PMIs can overreact to political news but other labour market surveys have also shown demand for workers sinking post budget.
The silver lining was the PMI suggested this was more about cutting working hours and not replacing leavers than redundancies
The silver lining was the PMI suggested this was more about cutting working hours and not replacing leavers than redundancies
Reposted by Tom Rees
Bad UK economic stats are new policy risk. The ONS failures on jobs and migration, the Bank of England’s “shocking” data handling. OBR errors. At a time when Reeves is trying a fiscal experiment, it’s a risk
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
UK Statistics Failing on Multiple Fronts Pose New Policy Risk
Britain has a data problem that is raising fears of policy mis-steps at a critical juncture for the UK economy.
www.bloomberg.com
December 8, 2024 at 6:59 PM
Bad UK economic stats are new policy risk. The ONS failures on jobs and migration, the Bank of England’s “shocking” data handling. OBR errors. At a time when Reeves is trying a fiscal experiment, it’s a risk
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
Slightly complicated signals on the NI hike impact from the BOE's CFO survey:
-Over half of firms plan to raise prices, far fewer will curb wages instead. Clearly that's bad for the BOE
-But also 54% of businesses expect to reduce employment, which in the longer term could reduce wage pressures
-Over half of firms plan to raise prices, far fewer will curb wages instead. Clearly that's bad for the BOE
-But also 54% of businesses expect to reduce employment, which in the longer term could reduce wage pressures
New: More than half of UK businesses plan to increase prices and cut jobs in response to the budget's hike in national insurance, according to a BOE survey @tomreesjournalist.bsky.social @philaldrick.bsky.social www.bloomberg.com/news/article...
Over Half of UK Firms to Raise Prices After £26 Billion Tax Hike
More than half of UK businesses plan to increase prices and cut jobs in response to Chancellor of the Exchequer Rachel Reeves’ £26 billion ($33 billion) hike in employer payroll taxes, threatening to ...
www.bloomberg.com
December 5, 2024 at 10:53 AM
Slightly complicated signals on the NI hike impact from the BOE's CFO survey:
-Over half of firms plan to raise prices, far fewer will curb wages instead. Clearly that's bad for the BOE
-But also 54% of businesses expect to reduce employment, which in the longer term could reduce wage pressures
-Over half of firms plan to raise prices, far fewer will curb wages instead. Clearly that's bad for the BOE
-But also 54% of businesses expect to reduce employment, which in the longer term could reduce wage pressures
Reposted by Tom Rees
National Audit Office damns the Tory record on justice and prisons
Prison rebuilding programme will cost £4b more than planned, double the original estimate, and run 5 years late
Shortage of 12,000 prison places by end 2027
Via @tomreesjournalist.bsky.social www.bloomberg.com/news/article...
Prison rebuilding programme will cost £4b more than planned, double the original estimate, and run 5 years late
Shortage of 12,000 prison places by end 2027
Via @tomreesjournalist.bsky.social www.bloomberg.com/news/article...
Costs Almost Double in UK Building Program to Ease Prison Crisis
Britain’s prison building program aimed at easing an overcrowding crisis will be five years late and cost almost double the original estimates, according to the spending watchdog.
www.bloomberg.com
December 4, 2024 at 8:24 AM
National Audit Office damns the Tory record on justice and prisons
Prison rebuilding programme will cost £4b more than planned, double the original estimate, and run 5 years late
Shortage of 12,000 prison places by end 2027
Via @tomreesjournalist.bsky.social www.bloomberg.com/news/article...
Prison rebuilding programme will cost £4b more than planned, double the original estimate, and run 5 years late
Shortage of 12,000 prison places by end 2027
Via @tomreesjournalist.bsky.social www.bloomberg.com/news/article...
Reposted by Tom Rees
Great story this: Culture of fear causes crisis at the ONS
Me and @philaldrick.bsky.social have published our exclusive probing what has gone wrong at the ONS. After speaking to lots of people and trawling docs, we found:
- A culture of fear stopped officials raising issues with the labor market data
- Insiders lament a number of missed opportunities. 1/2
- A culture of fear stopped officials raising issues with the labor market data
- Insiders lament a number of missed opportunities. 1/2
Culture of Fear Blamed for Crisis in Britain’s Statistics Agency
A crisis around Britain’s employment statistics has been blamed on funding constraints, a lack of modernization and staff being afraid to raise problems, according to official documents and people fam...
www.bloomberg.com
December 3, 2024 at 6:22 PM
Great story this: Culture of fear causes crisis at the ONS
Reposted by Tom Rees
A culture of fear at the ONS is partly to blame for the collapse in quality of UK jobs data. Staff fear for their "psychological safety”, have "anxiety" & believe they must relay "positive messaging/" Managers should raise "candour" w/ @tomreesjournalist.bsky.social www.bloomberg.com/news/article...
Culture of Fear Blamed for Crisis in Britain’s Statistics Agency
A crisis around Britain’s employment statistics has been blamed on funding constraints, a lack of modernization and staff being afraid to raise problems, according to official documents and people fam...
www.bloomberg.com
December 3, 2024 at 4:34 PM
A culture of fear at the ONS is partly to blame for the collapse in quality of UK jobs data. Staff fear for their "psychological safety”, have "anxiety" & believe they must relay "positive messaging/" Managers should raise "candour" w/ @tomreesjournalist.bsky.social www.bloomberg.com/news/article...
Me and @philaldrick.bsky.social have published our exclusive probing what has gone wrong at the ONS. After speaking to lots of people and trawling docs, we found:
- A culture of fear stopped officials raising issues with the labor market data
- Insiders lament a number of missed opportunities. 1/2
- A culture of fear stopped officials raising issues with the labor market data
- Insiders lament a number of missed opportunities. 1/2
Culture of Fear Blamed for Crisis in Britain’s Statistics Agency
A crisis around Britain’s employment statistics has been blamed on funding constraints, a lack of modernization and staff being afraid to raise problems, according to official documents and people fam...
www.bloomberg.com
December 3, 2024 at 4:34 PM
Me and @philaldrick.bsky.social have published our exclusive probing what has gone wrong at the ONS. After speaking to lots of people and trawling docs, we found:
- A culture of fear stopped officials raising issues with the labor market data
- Insiders lament a number of missed opportunities. 1/2
- A culture of fear stopped officials raising issues with the labor market data
- Insiders lament a number of missed opportunities. 1/2