The economic policy landscape in Scotland

2018 promises to be an important year for the Scottish economy.

As the analysis in the latest Fraser Economic Commentary highlights, whilst the Scottish economy retains long-term strengths, early indications are that 2018 will be another challenging year.

Clearly Brexit remains the greatest headwind the Scottish economy faces.
We have argued on a number of occasions that the decision to leave the EU will damage Scotland’s long-term growth prospects.

Progress has been made with regard to the transition period the UK and the EU will operate within up to December 2020. But whilst this creates space for further discussion, most of the major economic issues with respect to the UK’s relationship with the EU post-Brexit remain unanswered.

In 2018 businesses will look for much greater evidence that the UK Government has a clear vision for life outside the EU that not only satisfies business but can also secure the necessary parliamentary support.

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March 28, 2018

Today’s Fraser of Allander Economic Commentary in 10 bullet points

 

Today – in partnership with Deloitte – we published our latest Economic Commentary.

Alongside the usual analysis of the Scottish economy there are some interesting articles from:

Here we summarise some of the key conclusions from our outlook section.

FAI Scottish Economic Forecasts - March 2018

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A summary of today’s economic commentary

Today – in partnership with Deloitte – we published our latest Economic Commentary.

This blog summarises the contents and key message of the report.

Alongside the usual commentary on the Scottish economy there are some interesting articles from:

  • David Eiser on the links between economic growth and income tax revenues;
  • Grant Allan on what the latest FAI/AGCC oil and gas survey is telling us about the transition to low carbon energy systems in Scotland;
  • Jennifer Turnbull and Kenny Richmond on Scotland’s recent innovation performance; and,
  • A look by Viktoria Bachtler at Scotland’s recent performance in terms of high growth companies.

Here we summarise some of the key conclusions from our outlook section.Continue reading

December 12, 2017

Today’s Fraser of Allander Economic Commentary in 10 bullet points

Today we published our latest Economic Commentary – our first commentary in partnership with Deloitte.

Alongside the usual commentary on the Scottish economy there are some interesting articles from:

  • John Ireland and Mairi Spowage of the Scottish Fiscal Commission as they get ready for their first official forecasts in advance of the Scottish Budget;
  • Sandy Stewart – Head of National Accounts in the Scottish Government – setting out the government’s plans to further develop economic statistics in Scotland;
  • Neil Hamilton and Kenny Richmond from Scottish Enterprise looking at the recent performance of SMEs in Scotland;
  • Stuart McIntyre from the FAI looking at developments in job-related training in Scotland; and,
  • Paul Hopkins and Kenny Richmond (also from Scottish Enterprise) looking at the issue of late payment.

Here we summarise some of the key conclusions from our outlook section.

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September 20, 2017

Another look at Q1’s GDP figures

Next week, we will be publishing our latest Fraser of Allander Economic Commentary. This will be the first Commentary in association with Deloitte.

In advance of next week’s Commentary, we’ve been looking again at the quarterly growth figures for Q1 in 2017. The results are interesting and offer a surprising insight into what actually drove the strong results reported in the first three months of the year.Continue reading

September 12, 2017