In our last update back in November, the number of businesses trading and the outlook for business activity remained fairly stable. However, with restrictions tightening over the Christmas period, many businesses finished off 2020 with more uncertainty than hoped.
Mairi Spowage, Deputy Director of the Institute, is joined by Dr Hannah White, Deputy Director of the Institute for Government, to discuss the interaction between the budgetary processes at Westminster and the devolved governments, how well devolved budgetary processes are understood by Westminster, the experience of inter-governmental relations throughout the pandemic, and of course Brexit and the Internal Market Bill.
The West Midlands labour market has been sharply affected at the beginning of the pandemic, but its sectoral mix has allowed GDP to start recovering faster compared to rUK once the lockdown was eased. Trade in goods declined significantly in West Midlands due to its reliance on the manufacturing industry. Furthermore, a higher concentration of jobs in low-skilled occupations means that only a small share of employees in West Midlands can work from home.
This update provides a snapshot of new data on the Scottish economy and households based on data released in the last fortnight. The latest data confirms that businesses across most sectors of the Scottish economy are currently trading, with tourism-facing industries continuing to be hit the hardest by the ongoing tiered lockdown system.
This update provides a snapshot of new data on the Scottish economy and households based on data released in the last fortnight. The latest data shows that businesses across most sectors of the Scottish economy are continuing to trade, but the accommodation & food services sector saw decreases in trading activity as a result of new restrictions imposed by the Scottish Government in early October.
The Covid pandemic has had a huge impact on our working lives but tracking this in the available economic survey data has proven challenging. This week the Office for National Statistics (ONS) released the latest results from the Annual Survey of Hours and Earnings (ASHE) but these too have been affected by challenges around Covid 19.