The 2011 Pink Book was initially scheduled for publication on 1 November 2011. On 29 September, after consultation with key users, the ONS announced a modification to the timetable for various publications, including the Pink Book. The ONS announced that the Pink Book would be delayed until 23 November. The full announcement can be read at: http://www.ons. gov.uk/ons/media-centre/statements/national-accounts-publication-timetable.html.Or, in plain English, they are shifting the goal posts again.
The delay to the timetable was announced to ensure that the ONS could fully implement significant changes in the 2011 edition of the UK national accounts-the Blue Book. The changes included the introduction of a new industrial and product classification required by European Regulations SIC07 and CPA08 respectively, improved methods of deflation and some additional improvement in the financial services area. Because the balance of payments estimates for the UK are produced as an integrated part of the whole national accounts, these changes had an impact on the Pink Book timetable.
Tuesday, November 8, 2011
Goal posts being shifted again
Lord Pearson of Rannoch asked HMG why there has been a "further" delay in the publication of the Pink Book, a.k.a. the United Kingdom Balance of Payments. Lord Wallace of Saltaire called upon Stephen Penneck, Director General for ONS, to reply: