End of EU Exit transition period
As the transition period ends and the UK enters into a new Trade and Co-operation Agreement with the EU, the UK statistical system will continue to produce and publish our wide range of economic and social statistics and analysis. We are committed to continued alignment with the highest international statistical standards. This will enable comparability both over time and internationally, and ensure the general public, statistical users and decision-makers have the data they need to be informed.
Additionally, the Withdrawal Agreement outlines a need for UK gross national income (a fundamental component of the national accounts, which includes gross domestic product (GDP)) statistics to remain in line with those of other EU countries. This is until EU budget contributions are finalised for the years in which we were a member and making budget contributions during the transition period. To ensure this comparability during this period, the national accounts will continue to be produced according to European System of Accounts (ESA) 2010 definitions and standards.
As the shape of the UK’s future statistical relationship with the EU becomes clearer over the coming period, the ONS is making preparations to assume responsibilities that, as part of our membership of the EU, and during the transition period, were delegated to the statistical office of the EU, Eurostat. This includes:
- responsibilities relating to international comparability of economic statistics
- deciding what international statistical guidance to apply in the UK context
- to provide further scrutiny of our statistics and sector classification decisions
In applying international statistical standards and best practice to UK economic statistics, we will draw on the technical advice of experts in the UK and internationally. Our work will be underpinned by the UK’s well-established and robust framework for independent official statistics, set out in the Statistics and Registration Service Act 2007. Further information on our proposals will be made available in early 2021.