Today the First Minister announced welcome measures to try to stimulate the Scottish economy in the aftermath of the Brexit vote.
The major element announced today is a package of £100m to be spent on capital projects this financial year – as we called for in our Special Issue Fraser Economic Commentary published two weeks ago.
There is also wider support to Scottish business to help deal with the increase in uncertainty post-referendum.
Forty percent of respondents to our post-Brexit survey of Scottish businesses reported that the referendum result was likely to have a negative impact on their own investment plans. Today’s announcement of additional public investment will help counteract this, albeit at the margin.
Continue reading “FM’s economy announcement – some comments”