Radical change needed to help economy grow, insists Richard Leonard
Richard Leonard has called for a “radical” change in the approach to the Scottish economy.
Economy
No time-frame for Prestwick to pay back loans, says minister
There is no timescale for when Prestwick Airport will pay back the money it has been loaned by the Scottish Government, the Transport Secretary has said.
Company bosses lose confidence in economy as Brexit uncertainty continues
Business leaders’ confidence in the British economy has plummeted as uncertainty about Brexit continues ahead of the March 29 withdrawal date.
Scotland ‘bucking trend’ with new peak average house price
Scotland’s housing market is in a good position to face any challenges that lie ahead, experts said as the average cost of a home hit a new high.
Scottish business confidence drops to lowest in UK – report
Business confidence in Scotland has plummeted by 20 points in one month amid global changes and “domestic uncertainty”, according to a new report.
Scottish economic growth slowed in third quarter
The rate of Scottish economic growth has slowed, new figures indicate.
UK to slip down global economic league table, analysts predict
The UK risks falling from fifth to seventh in the rankings of the world’s largest economies next year, analysts have claimed.
Economy expected to grow but forecasters issue Brexit warning
The Scottish economy is on track to grow at its fastest rate since 2014 but Brexit could cause “substantial economic shock”, forecasters have warned.
Shadow chancellor pledges biggest transfer of wealth to Scotland since 1945
Labour has pledged to deliver the “biggest transfer in wealth and power” from London to Scotland for more than seven decades if it wins power in the next general election.
Bank of England issues stark recession warning over no-deal Brexit
The Bank of England has warned Britain would be tipped into a recession worse than the financial crisis in the event of a no-deal disorderly Brexit.
Bank of England issues stark warning over no deal Brexit
The Bank of England has warned the pound would crash, inflation soar, interest rates would have to rise and Britain’s growth would plummet in the event of a no deal disorderly Brexit.
Aberdeen seeing signs of economic growth, property monitor finds
Tentative signs of a recovery in the Aberdeen property market have been detected in a new report as the city begins to emerge from the downturn in the oil and gas sector.
Celtic bring £165 million per year into Scottish economy, report finds
Celtic matches and spending by supporters contributes £165 million to the Scottish economy, according to a study.
Brexit likely to reduce economic growth: Sturgeon
Nicola Sturgeon will reiterate her call for the UK to remain part of the single market and customs union when she addresses an economic forum later.
Scottish GDP growth larger than UK, figures confirm
New figures have confirmed Scottish GDP was ahead the UK in the second quarter of 2018.
Pharmaceuticals worth £1.7bn to Scottish economy – research
The pharmaceutical industry is worth around £1.7 billion to Scotland’s economy and employs over 5,000 people across the country, according to new research.
Alan Titchmarsh calls for support for ‘invaluable’ horticulture industry
Alan Titchmarsh has called for urgent action to stop the “demise” of the UK’s gardens, as a report suggests that the horticulture sector is worth billions to the economy.
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.
Brexit stockpiling ‘will have negative economic impact despite initial boost’
Stockpiling ahead of Brexit could boost Scotland’s economic growth in 2018-19 but the measure will have a negative effect in the medium term, the Scottish Government’s top economist has said.
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.
Boss ‘devastated’ as pub and hotel placed into administration
A city businessman says he is "devastated" after his company was placed into administration.
‘Deterioration or renaissance’ – North-east economic plan up for approval
TWO scenarios for the future of the North-east's economy have been spelled out by a leading businessman.
Economy hit by downturn in oil industry
BUSINESS activity in the private sector dropped due to the downturn in the oil and gas industry, according to a new report. The Scottish economy contracted in November according to the Bank of Scotland’s monthly purchasing managers index (PMI). It comes after there was modest growth in October. For more on this story visit Energy Voice.