Scottish economy grows 0.5% to move ahead of UK growth
Scottish economic growth has overtaken the UK with 0.5% growth, new official figures show.
economy
Minister issues rallying call to Tories to ‘unshackle enterprise’
Theresa May has been urged by one of her senior ministers to prepare to fight the next general election on a radical pro-business platform of tax cuts and de-regulation.
Loch Ness Monster worth nearly £41m a year to Scottish economy
The Loch Ness Monster is worth nearly £41 million a year to the Scottish economy, new research reveals.
Economic forecaster faced ‘significant challenge’ obtaining DWP data
Scotland’s independent economic forecaster has faced a “significant challenge” obtaining essential data from the Department for Work and Pensions (DWP), it has emerged.
Unemployment in Scotland fell in latest quarter
Unemployment in Scotland decreased in the latest quarter, new figures show.
Value of Scottish exports up 7% over 12 months
The value of Scottish exports increased by 7% in the year to June, according to new figures.
Productivity in Scotland broadly stagnant for 15 years, think tank warns
Economic productivity in Scotland has been “broadly stagnant” for the last 15 years, with the country underperforming against many other European nations, a new report has concluded.
Ministers launch consultation on national investment bank
A consultation has been launched on plans for a national investment bank for Scotland.
Professional services firms downbeat amid surging costs
Business and professional services firms are the most gloomy for nearly two years as rising costs and uncertainty over Brexit take their toll, according to a survey.
Scotland’s economy on the right trajectory, Nicola Sturgeon says
Nicola Sturgeon has said an improvement in Scotland’s public finances shows the economy is on the “right trajectory”.
Scotland’s finances improving as deficit reduces, figures show
Scotland’s public finances improved last year, with an increase in revenue and a reduction in the deficit, according to the latest official figures.
Greece completes three-year eurozone bailout programme
Greece has successfully completed a eurozone bailout programme after receiving tens of billions of euros to help it fix its economy.
Woodland sales providing boom to north timber industry
Huge swathes of the Highlands are being put up for sale in what is said to be evidence of a massive boom in multi-million-pound timber industry.
UK growth rebounds in second quarter thanks to warm weather boost
UK economic growth rebounded in the second quarter as retail sales and construction benefited from a warm weather boost.
UK growth to rebound in second quarter as economy recovers from cold snap
UK economic growth is expected to have rebounded in the second quarter, with analysts forecasting sunnier news when are official figures are released later.
Reopened steel plants ‘to lead fightback’ in UK market
Scotland is “leading the fightback” for a share of the import-dominated UK steel market, Liberty has said.
Construction activity boosted by housebuilding boom in July
UK construction activity rose sharply in July, helped by the fastest rate of expansion in housebuilding in two-and-a-half years.
European economy slows amid global trade war fears
Europe’s economic upswing has slowed in the second quarter amid jitters over a possible global trade war, official statistics show.
UK economy boosted by warm weather and royal wedding in May
The UK economy benefited from a retail rebound in May as the sector received a “double boost” from warm weather and the royal wedding.
More misery to hit Highland residents as report spells out need for council to spend less
As if things aren’t austere enough, much more misery lies in store for Highland residents according to Highland Council’s revenue budget forecasts for the next three years.
Five-year strategy for north-east economy unanimously backed by councillors
An ambitious new five-year strategy for the north-east’s economy has been unanimously backed by city councillors.
Nigg Energy Park enjoying steady growth to the benefit of Scottish economy
Over the last 3 months, workforce numbers at Nigg Energy Park have increased to more than 700 people on site, including provision from over 120 supply chain companies.
Highland Games boosting economy with £25m intake
Highland games across Scotland bring in around £25 million to the national economy each year.
Decision to delay expansion of Thainstone will harm north-east economy, developers claim
The owners of the north-east’s biggest mart have claimed the region’s economy will suffer after councillors delayed a decision on a £5 million expansion.
Dons reveal jobs boost expected from creation of new stadium
Aberdeen FC estimates that the construction of its new stadium will create 150 local jobs during its first phase.
High oil price could be sustained ‘for weeks’, claims Kemp
A leading petro-economist says high oil prices could be sustained “for weeks” should tensions continue in the Middle East.
HIE teams up with Entrepreneurial Scotland to develop leaders
A new initiative aimed at helping entrepreneurs in the Highlands and islands grow their businesses and make them more competitive is being launched next month.
SPRING STATEMENT: Chancellor allocates £37 million to Scotland for Brexit preparations
More than £37million will be allocated to the Scottish Government to prepare for Brexit in the year ahead.
Economy takes baby steps in first quarter
Britain’s economic growth will struggle to pick up pace in the first quarter of 2018 despite services sector output unexpectedly reaching a four-month high in February.
Employment increasing but pay doesn’t stack up
The Scottish economy is still fragile despite official new figures highlighting a “robust” labour market, a leading think-tank said yesterday.
Country could be harmed by ‘slow Brexit talks’
British business leaders have warned that Brexit talks are too slow and could harm the economy.
Strong pound and GDP growth push FTSE down
London’s blue chip index fell to a three-week low as better-than-expected UK growth figures sparked a surge in the pound.