Thursday, 30 July 2015

ONS Confirms It Will Examine Associations' Status

The Office for National Statistics (ONS) has confirmed it will examine whether to reclassify housing associations as public bodies once the government has released details of its Right to Buy extension. If the ONS decides on reclassification, housing association debt would be counted as public borrowing, pushing £60bn on to the government’s balance sheet.  Jonathan Athow, deputy national statistician for economic statistics at the ONS, said the ONS would ‘certainly’ consider implications for the ownership of associations’ assets and liabilities. In a letter to Labour MP Clive Betts, Mr Athow said the government can submit fully-formed policy proposals to ask the ONS how they would affect the recording of official statistics. Read the letter sent by ONS.

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