| Abstract: | The U.K. national accounts no longer provide a full set of sector income and expenditure data before 1987, a weakness that seriously impedes macroeconomic research. Using a strict accounting framework to combine the best quality official data taken from alternative sources, I show that a historic sector dataset can be resurrected, albeit at a high level of sector aggregation. Particular attention is paid to transfer incomes and associated inter-sector flows. Household saving and corporate retentions data are also derived. Benefits of the historic dataset are described and implications drawn for research and data management. |
