Draft Official Statistics Order 2023 Debate
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Nigel Mills
Main Page: Nigel Mills (Conservative - Amber Valley)Department Debates - View all Nigel Mills's debates with the Cabinet Office
Draft Official Statistics Order 2023
Nigel Mills Excerpts(10 months, 2 weeks ago)
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Nigel Mills (Amber Valley) (Con)
May I ask the Minister one question? He said that the UK Statistics Authority’s role is to check the quality of the statistics produced by bodies, but does it also require them to produce statistics on certain issues that are not currently being covered? For example, a year ago the Pensions Regulator was not collecting statistics on how many pension schemes had invested in leveraged liability-driven investments, which nearly crashed the economy last autumn. We are a year on and still do not know how many pension schemes lost out by having invested in such instruments. Is there a way that the authority can use its powers to require the bodies in this orbit to collect statistics that we need to monitor the health of the economy?