Tag: Scottish

Scottish GDP slumped by a fifth after lockdown

Image copyright Getty Images Image caption The coronavirus lockdown has put many businesses under pressure The Scottish economy suffered a 19.4% drop in output in the second quarter of this year, according to the latest figures. The first official estimate for April, May and June is close to the provisional one issued last month. The GDP figures highlight the impact… Read more →

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A reboot up ‘boring’ Scottish tech

Douglas FraserBusiness/economy editor, Scotland image copyrightGetty Images Scottish technology can be world class, and drive the economy much faster, according to a new report. It requires an “ecosystem” that starts from school through universities into a widened ”marketplace”, and more supportive finance. Are you a frustrated inventor? Most of have an idea for something. Mine is the technology that tells… Read more →

What are the Scottish government’s Gers figures?

Image copyright Getty Images The Scottish government’s latest Government Expenditure and Revenue Scotland (Gers) report is to be published on Wednesday morning. The report estimates the difference between what Scotland raises in taxation and what is spent on its public services, and has been at the centre of the independence debate in recent years. Last year’s figures put Scotland’s public… Read more →

Scottish Labour unveils plan to ‘transform’ Scottish economy

Image copyright Getty Images Image caption Mr Leonard said the pandemic should be a “turning point” for the country’s economy and environment About 130,000 jobs could be created by transforming Scotland’s economy in the wake of the coronavirus pandemic, according to Scottish Labour’s leader. Richard Leonard said a “Green new deal” was needed to tackle both the economic crisis and… Read more →

Coronavirus: Scottish economy ‘approaching stabilisation’

Image copyright Getty Images Scotland’s private sector economy is “approaching stabilisation” after the coronavirus lockdown, according to a survey. The latest Royal Bank of Scotland purchasing managers index (PMI) found the coronavirus-related downturn “eased noticeably” in July. However, there are fears that local lockdowns could delay recovery. Business confidence strengthened to a five-month high despite firms reporting a reduction in… Read more →

Signs of optimism among Scottish small businesses

Image copyright Getty Images Image caption Small businesses have been able to reopen after being closed due to the coronavirus pandemic Scotland’s small business community has regained some confidence following a “complete collapse” in optimism earlier this year, according to new research. The Federation of Small Businesses (FSB) said its survey showed an improvement in this year’s second quarter (Q2)… Read more →

Coronavirus: Scottish finance secretary makes fresh call for new powers

Image copyright Getty Images Image caption Ms Forbes has previously called for a “robust” review of the devolved funding arrangements Scotland’s finance secretary has repeated her call to be allowed to switch capital funding to day-to-day revenue. Speaking ahead of the UK Chancellor’s summer statement, Kate Forbes also called for an end to “arbitrary” limits on borrowing. Ms Forbes said… Read more →

Coronavirus: Scottish government to announce 2m rule decision

Image copyright Getty Images Image caption There has been speculation that Ms Sturgeon could make the wearing of face masks in shops compulsory Scotland’s first minister is expected to announce whether or not the country will follow England in relaxing its 2m social distancing rule. Nicola Sturgeon is due to receive updated scientific today which will form the basis of… Read more →