China’s economy growth cools further amid US tariff war
China’s economic growth slowed to its lowest level in a decade in the quarter ending in June, adding to pressure on Chinese leaders as they fight a tariff war with Washington.
Economy
Economy bounced back in May as car production recovered
The UK economy bounced back to monthly growth in May as a recovery in car production drove a rise in output.
Construction output drops at sharpest rate since financial crisis
The UK’s construction output has plummeted at its steepest rate since 2009, as Brexit uncertainty and weaker demand hit all major areas of the industry.
Just 8% of towns across Britain affordable for key workers to own home – study
The average nurse, teacher, paramedic, police officer or firefighter can only afford to own a home in 8% of towns across Britain, a report has found.
Spending cuts may be required to plug budget shortfall: Derek Mackay
Public spending cuts may be needed to help deal with a possible Scottish budget shortfall of more than £1 billion, the Finance Secretary has warned MSPs.
Government welcomes ‘fantastic’ growth in key economic sectors
Scotland’s tourism, food and drink, and creative industries have all grown over the last year, figures show.
Finance Secretary faces grilling of £1 billion Scottish budget black hole
Finance Secretary Derek Mackay is facing a grilling from MSPs over how the Scottish Government plans to meet a possible budget shortfall of more than £1 billion.
Jobs report reveals ‘mixed picture’ for Scotland
There was a mixed picture for Scotland’s jobs market last month, according to a new survey.
Committee wants to end ministers’ early access to key economic data
A Holyrood committee wants to change the law to prevent ministers from getting early sight of key economic information.
Key finance strategy ‘lacking analytical assessment’, economics experts say
The Scottish Government’s latest financial strategy is lacking “analytical assessment” and contains only “limited information” on spending plans, economic experts have said.
New economic model needed to boost growth and skills, say Tories
A new department should be created to help businesses sell online as part of a new economic model to boost skills and growth, the Scottish Conservatives have said.
Scotland suffers ‘steeper’ drop in overseas investment projects than the UK
The number of projects involving foreign firms investing in Scotland fell by almost a fifth last year, a new report has revealed.
Welfare spending leap and Brexit uncertainty deemed economic risks by experts
Brexit uncertainty and greater devolution of welfare to Holyrood are two of the key risks to Scotland’s economy next year, according to experts.
Welfare spending leap and prospect of indyref2 deemed economic risks by experts
Uncertainty about the prospect of a second independence referendum and greater devolution of welfare to Holyrood are two of the key risks to Scotland’s economy next year, according to experts.
Mortgage and business lending rises in April
The level of mortgage lending in the UK rose last month in a sign that the passing of the original Brexit deadline in March has eased fears, according to the Bank of England.
Business confidence drops in Scotland in May
Confidence among businesses in Scotland has fallen as a number of firms said they feel Brexit is having a negative effect on their prospects, according to a new report.
Northern Ireland most pessimistic about economy, report suggests
Northern Ireland is the most pessimistic part of the UK when it comes to the economy, a new report has found.
Scottish Financial Enterprise appoint new chairman
Scottish Financial Enterprise (SFE) has appointed Philip Grant of Lloyds Bank as its new chairman.
UK economic growth rises after biggest manufacturing push since 1980s
UK economic growth accelerated in the first quarter of this year, driven by the highest quarterly pick-up in manufacturing since the 1980s as the original Brexit deadline loomed.
Scotland’s GDP growing at faster rate than UK economy, official figures show
The rate of growth in the Scottish economy has overtaken that of the UK, according to official statistics.
Housebuilder brings £57m boost to north-east economy
A housebuilder has delivered a £57 million boost to the north-east economy, according to a new report.
Finance Secretary launches economic action plan
The Scottish Government has launched an economic action plan, including an £18 million fund for advanced manufacturing and the piloting of two new “productivity clubs” for businesses.
Drones could bring £42bn boost to UK economy
A rise in drone usage in the oil and gas industry and in Scotland’s farming industry could help to deliver a £42 billion boost to the UK economy by 2013, a new report has forecast.
Aberdeen battles back to become top five city
Europe’s beleaguered capital of oil and gas has powered its way into the top five in a league table of the UK’s fastest-growing city economies.
Aberdeenshire Council set to be £3m over budget when tax year finishes
A local authority is set to be £3 million over budget by April – and says a lack of council tax payments is partly to blame.
Jobless waiting up to six weeks for Universal Credit cash – MP
A North-east MP has said serious concerns remain about the roll-out of Universal Credit.
New report shows investment in North-east on rise with £8.9bn being ploughed into projects
Almost £9 billion of public and private investment is due to be delivered to benefit the North-east before 2030, it was revealed today.
Minister disputes fears HS2 will deliver blow to North-east economy
Fears that the North-east economy will suffer a huge blow due to a major rail development have been disputed by a UK Government minister.
Corbyn: Aberdeen needs higher taxes in order to heal struggling economy
Higher taxes will revitalise the Aberdeen economy, Labour leader Jeremy Corbyn has told the Evening Express.
Couple scoop success with new Aberdeen ice cream parlour
A former oil worker made redundant in the downturn is bouncing back with a booming ice cream parlour.