Using economics to inform the choices we face as a society
Strathclyde University’s Fraser of Allander is a leading economic research institute, which carries out impactful research to inform the big challenges and opportunities facing the nations of the UK.
People are searching for:
Graeme Roy is joined by colleagues Emma Congreve and Stuart McIntyre to talk about what we know so far about the impact of the pandemic on the labour market and household finances and what may happen in the next few months.
This update provides a snapshot of new data on the Scottish economy and households. There are indications of optimism returning for some sectors, with consumer online interest beginning to return to pre-Covid levels in some areas. However, businesses are far from out of the woods yet with many still seeing record low levels of turnover. For households, high uncertainty persists.
Graeme Roy is joined by colleagues Mairi Spowage and David Eiser to discuss what we currently know about economic conditions and outlook given the coronavirus crisis, and how this might impact on the Scottish Budget Outlook.
Yesterday, amid many other significant stories, the Scottish Government published its response to the Advisory Group on Economic Recovery.
The urgency of the situation and the scale of the economic shock facing businesses and families across the country is on a scale never seen before.
This week, we are expecting to receive a response from the Scottish Government to the Advisory Group on Economic Recovery’s report.
But how are businesses coping in Scotland as the lockdown is eased? And what does this all this tell us about the right policy response?
This update provides a snapshot of new data on the Scottish economy and households. There remains lots of uncertainty for businesses and workers. Our latest Scottish Business Monitor with Addleshaw Goddard released earlier this week found that day-to-day activity remains constrained and expectations are for firms to operate at a fraction of their usual capacity in the next six months. This echoes many of the indicators in this article. Whilst there have been improvements from the severe lows at the height of the lockdown, economic indicators on the whole remain subdued and many households are continuing to see financial hardship.
The Addleshaw Goddard Scottish Business Monitor, produced in partnership with the Fraser of Allander Institute shows that as lockdown restrictions begin to ease and the economy starts to open back up, sentiment amongst the Scottish business community is showing some tentative signs of improvement. However, the overall outlook remains challenging.
ONS have recently released some new experimental regional data which look at how households spend their money. This article looks at these data in more detail, exploring what they tell us about household consumption and saving across the UK.
This update provides a snapshot of new data on the Scottish economy and households in the week up to 24th July. The latest data shows consumer interest in some sectors rebounding but a sizeable proportion of Scottish businesses that remain closed and do not intend to restart trading soon.