Dear Mike,

Assessment of Business Investment Statistics

As part of our ongoing Spotlight on Quality: Assuring Confidence in Economic Statistics programme, we have engaged with users of economic statistics and ONS to prioritise Business Investment statistics for our next assessment.

We have selected these statistics for two main reasons:

• Business Investment statistics contribute to estimates of Gross Domestic Product, placing them in a high-profile position.
• These statistics are used to make important decisions on monetary and fiscal policies in the UK as they are used in the Bank of England’s Monetary Policy Report.

Our Economy, Business and Trade domain team has started to engage with your team, and we thank you and them for the positive engagement so far.

I am copying this letter to Liz McKeown, Director of Economic Statistics Production and Analysis; Craig McLaren, Deputy Director for National Accounts Coordination Division; Eve Smith, Head of non-financial assets (NFA) statistics; and Alison McCrae, Head of NFA statistics delivery.

Yours sincerely

Mark Pont