FT Journalists win Royal Statistical Society Awards for statistical excellence

FT Journalists win Royal Statistical Society Awards for statistical excellence

Chris Giles and Martin Wolf Scoop Awards in the Print and Online Category

LONDON - The Financial Times has won two awards at the Royal Statistical Society's awards for statistical excellence in journalism. Chris Giles, economics editor, has been named the 2008 winner in the print and online category, with Martin Wolf, chief economics commentator, placed second.

Giles won the award for his article "Lies, damn lies and befuddlement", published on 27 July 2007. In discussing the increasing dominance of business services to the UK economy, the article examined the difficulties facing official statisticians in compiling measures which properly capture the value of the business sector and distinguish between real growth and changes in prices.

Chair of the judging panel and Vice-President of the Royal Statistical Society, Professor Sheila Bird, said: "The judges felt that this article was properly informative about statistics and their use in measuring the national accounts. The issues were well explained, supported by appropriate figures and examples, while doing so in a clear and succinct piece.

"As one of its main aims, the Royal Statistical Society works to encourage statistical knowledge among the consumers of statistics. The article has made an important contribution in this area by highlighting the challenges faced by statisticians in defining and choosing what will be measured, and the impact those decisions make. Chris Giles is, therefore, a worthy winner of the Society's award for statistical excellence in the category for print and online journalism."

The FT's Martin Wolf was also placed second-equal in the same category, for his article "The new capitalism", published on 19 June 2007, which discussed the transformation of the world's financial system in recent decades.

Chair of the judging panel and Vice-President of the Royal Statistical Society, Professor Sheila Bird, said: "The judges felt that the article had provided a comprehensive and fascinating insight into the dynamism of global financial systems, well supported by relevant statistics. In addition, it discussed important issues of the impacts and consequences of the changes that have and taking place. For doing this so well, the judges felt that the Martin Wolf should be awarded with second-equal place in the category for print and online journalism."

For further information please contact:

Emma Gilpin-Jacobs
Director of Communications
T: +44 (0) 20 7873 3883
E : emma.gilpin-jacobs@ft.com

Jo Crosby
Communications Manager
T : +44 (0) 20 7873 3811
E: jo.crosby@ft.com

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The Financial Times, one of the world's leading business newspapers, is recognised internationally for its authority, integrity and accuracy.  Providing extensive news, comment and analysis, the newspaper is printed at 24 print sites across the globe, has a daily circulation of 449,187 (ABC figures, December 2007) and a readership of more than 1.3 million people worldwide. FT.com is one of the world's leading business information websites, and the internet partner of the FT newspaper.  FT.com is the definitive home for business intelligence on the web, providing an essential source of news, comment, data and analysis for the global business community. FT.com attracts 6.5 million unique users, generating 43 million page views. FT.com has 101,000 subscribers.