ONS consultation on R-GVA Balanced Estimates - GLA response

R-GVA statistics are a vital component of GLA Economics’ planning and forecasting work, as described in our September submission on R-GVA. GLA publications currently include both ONS GVA income and production estimates in order to provide users with the most complete picture of London’s economy. However, the presence of two measures can be confusing for users, who are uncertain of which measure to use. GLA Economics therefore strongly supports the publication of balanced estimates of R-GVA. This is because we believe this will reduce confusion and provide users with a clear basis for selecting one measure over the others.