The ONS’ miscalculation of a crucial labour cost figure could lead to “one or two” extra interest rate hikes

A blunder by the Office for National Statistics (ONS) in which it miscalculated a crucial measure of labour cost inflation could lead to Bank of England policymakers signalling the need for “one or two” more interest rate hikes over the next two years, the man who spotted the error has said.

This content is available only to PrimeResi Professional Members. If you have a membership login below, otherwise join Prime Resi today for full access to the Journal of Luxury Property.