Welcome to my first tracker post of the UK economy!  I intend this to be similar in format to my UK Weather Tracker except that it will be published quarterly rather than monthly.  In this post I will explain the statistics I have chosen to track.

I am a big believer in placing recent statistics in their historical context.  Nothing annoys me more than someone overexplaining a small dip in GDP which in historical terms is absolutely meaningless.  Unfortunately we live in a world cursed by the year on year comparison without any understanding of basic time series concepts such as autocorrelation and reversion to the mean.  So one hope I have with my Economy Tracker is to improve this state of affairs.

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