• Bogus numbers

  • Jun 9 2023
  • Length: 9 mins
  • Podcast
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Bogus numbers

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  • Summary

  • It is increasingly hard to determine what the truth in accounts and economic data might be. Finance directors do not recognise their own, supposedly true and fair, financial reports as representing the companies that they manage. The Office for National Statistics is putting out figures for the national debt that are 12.7% overstated and figures for GDP that are 10% overstated. It really is time that we stopped trying to manage the economy on the basis of bogus data.

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Political Science
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