Editor's letter - February 2017


I’ve always liked the saying that the only thing more uncertain than the future is the past.

Whether it originated in the world of economics I do not know, but that is where I first heard it.

For instance, after the Office of National Statistics first publishes a quarterly set of gross domestic product figures these will be revised over time, typically for around five to six subsequent quarters.

There is then some veracity in the saying, but it is not an absolute truth. Which brings me on to

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