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.
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Weekly update: energy costs and fuel poverty
A review of the week’s economic news, which this week has again centred on energy costs and the financial impact on households. We consider what this means in the context of fuel poverty statistics.
The Economy – Don’t Panic But Do Worry
This article first appeared in The Herald on Friday 5th August, 2022. This year has not seen the return to normality that many businesses hoped for. Supply chain disruption, rising prices, hiring difficulties, interest rate increases, and lack of confidence are taking their toll. Many economic organisations are now forecasting …
Weekly update: stagflation and income tax
Our weekly update this week considers the latest Bank of England assessment of UK economic prospects, and implications for the Scottish budget of planned income tax cuts at UK level.
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Income tax proposals in the Conservative leadership campaign – implications for the Scottish budget
Tax policy – and more specifically the scope for cutting tax rates – has been dominating the Conservative leadership campaign. This blog considers the implications of a cut to the UK basic rate of income tax for the Scottish budget.
Weekly update: Sentiment of businesses and consumers looks shaky
Business and consumer sentiment, Scottish GDP and drugs deaths statistics are analysed this week
Scottish business sentiment still in the black despite growing pressures
This press release summarises the key results from our latest Fraser of Allander (FAI) Scottish Business Monitor, published in partnership with Addleshaw Goddard. Businesses in Scotland were seeing some glimmers of hope in the second quarter of 2022, according to the latest Addleshaw Goddard Scottish Business Monitor report, but while …
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Weekly update: inflation, earnings, and budget windfall
Its been a busy week for economic statistics, with new data on the labour market and inflation released, and details of public sector pay deals announced. The UK and Scottish governments also confirmed that they have resolved a long-running fiscal dispute. The issue is a somewhat technical one, but its resolution will result in a significant additional transfer of resources to the Scottish budget in this financial year.
Intense pressures remain as Scottish hospitality returns to the global stage
High quality hospitality is often seen as a core strength of Scotland’s economy. But the industry is under intense pressure, with rising prices and staff shortages creating a perfect storm after two tumultuous years. Against these pressures, how can the industry build resilience for businesses and their workforce?
Weekly Update – Leadership race hots up and so does the weather
Many of you will be watching events at Westminster with fascination, just like us at the Institute. But what else was going on this week? A new indy paper, interesting stats and events all covered!