Scottish economy weakened under cloud of Brexit uncertainty, report warns
The prospect of a no-deal Brexit has taken its toll on the confidence of Scottish businesses, a report has warned.
Economy
No-deal Brexit could spark recession lasting to 2020, economists warn
Economists have predicted the impact of a no-deal Brexit could cause a “significant contraction” in the Scottish economy.
Austerity measures have slashed household savings, warns Labour
Working people in Scotland are being failed by the economy after a near decade of austerity under the UK Government, Scottish Labour has claimed.
Economy grows following Brexit stockpiling boost
The British economy grew marginally ahead of expectations over the three months to February, helped by businesses stockpiling ahead of Brexit.
Union warns of ‘new era of economic decline’ in wake of Brexit
Brexit could spark a “new era of economic and industrial decline” in Scotland that the country would take a generation to recover from, a union has warned.
Brexit anxiety adds to Scots’ concerns over economy – survey
People in Scotland are more pessimistic about the economy than any other part of the UK, mainly due to anxiety over Brexit, research suggests.
Brexit to hit Ireland’s economic growth, according to report
Ireland’s economic growth is set to continue next year – but at a reduced rate, a leading think-tank has warned.
Scotland’s economic growth forecast outpacing rest of UK
Scotland’s economic growth will slow this year but still be ahead of the UK average, economists are predicting.
Scotland’s economy outperforms UK in final three months of 2018
Scotland’s economy grew more than that of the UK in the final three months of 2018.
Study identifies areas Scottish economy should improve
Scotland should address various economic areas to compete in the global economy, research has found.
Economic growth remains lacklustre despite January fillip
UK growth remained subdued in the quarter to January ahead of Brexit despite a bigger-than-expected bounceback at the start of the year.
Scottish business confidence ‘downbeat’ following 28-month low
Business confidence in Scotland hit a 28-month low amid Brexit uncertainty, according to Royal Bank of Scotland’s latest figures.
Chancellor’s ‘cowardice’ to blame for economic woes, John McDonnell claims
Philip Hammond has “abdicated” his responsibility as Chancellor and his “cowardice” over Brexit is to blame for the poor economic outlook, John McDonnell has claimed.
Unemployment would rise after no-deal Brexit, top economist warns
A no-deal Brexit would be a “sharp shock”, increase unemployment and could shrink the Scottish economy by 7%, Scotland’s top economist warned MSPs.
Councils to share £50m fund to ‘keep high streets alive’
Fife will be the largest beneficiary of a £50 million fund set up to help Scotland’s ailing town centres, it has been announced.
Incomes on the up in Fresno County
Personal income rose by 3.1% on average in 2017 in Fresno County to $41,470.
Personal income figures show San Francisco County among the wealthiest
San Francisco County is in the top 10 for average personal income in California.
No-deal Brexit would be a multi-million-pound blow, CBI warns
A no-deal Brexit would be a “multi-million-pound blow” to the Scottish Economy, CBI Scotland has warned.
Local authority business scheme criticised by MSPs
A scheme designed to help businesses develop and grow has been criticised by MSPs over its “lack of accountability and transparency”.
Scotland has second-highest growth in UK, analysis suggests
Scotland’s economic growth in 2018 was the second-highest of any UK region, with only London growing more, according to academic estimates.
Scottish housebuilding lower due to planning policies, MSPs told
House building in Scotland has fallen behind England because of different planning policies, MSPs have been told.
UK economic growth slowed in fourth quarter
UK economic growth slowed in the final quarter of last year as car manufacturing declined at its steepest rate in just under a decade.
Stockpiling reaches record high as firms brace for Brexit chaos
Manufacturers are stockpiling goods at the fastest rate since records began as they prepare for a hard Brexit and major disruption at ports, with a slowdown in the sector also expected to drag on Britain’s economic growth.
Scottish businesses report growing confidence
A “modest” rise in Scottish firms’ confidence levels has been reported in a new study.
Scottish retail sales ended 2018 ahead of UK, figures show
Retail sales increased in Scotland at a greater rate than the UK at the end of last year, figures show.
Scottish economic growth fell behind UK in third quarter, figures show
Scotland’s economy grew at a third of the rate of the UK last year, figures show.
Exports to EU increased £1.7bn in year after Brexit vote
Scotland’s exports to the European Union grew by £1.7 billion in the year following the UK’s referendum vote, according to official statistics.
No-deal Brexit would damage Scotland’s economy, MSPs warn
A no-deal Brexit would be damaging to Scotland’s economy and public finances, a Holyrood committee has warned.
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.
Government borrowing higher than anticipated in December
Government borrowing missed expectations last month as spending exceeded tax receipts.