From the Fraser commentary – 20 years of Devolution

It is 20 years since the devolved Scottish Parliament was established.

In many ways, the Scottish economy has been greatly transformed over that period.

What the next 20 years will hold is obviously uncertain. But with Brexit, the possibility of IndyRef2 and major structural shifts in our economy guaranteed, it is clearly going to be a period of further upheaval.Continue reading

June 26, 2019

Scottish economy remains resilient, but Brexit uncertainty continues to erode long-term growth prospects

Risks from new Fiscal Framework likely to hit Scottish Budget in years ahead

The Scottish economy may have grown by its fastest rate in two years in the first quarter of 2019, but the risks to Scotland’s growth prospects have not gone away, says the University of Strathclyde-based Fraser of Allander Institute.

In its latest Economic Commentary, supported by Deloitte, the research institute highlights how much of the recent up-pick in growth is likely to have stemmed from firms implementing ‘no deal’ contingency plans. Underlying growth – particularly in key sectors of the economy – remains fragile.Continue reading

From the Fraser Commentary – Scotland’s domestic policy agenda

One consequence of the Brexit debate is that it has left little room for discussions of the emerging structural challenges and opportunities our economy is facing.

So what are these big policy questions?

First and foremost, the sustainable growth challenge is arguably still something that remains inadequately addressed in the political discourse in Scotland.

For all our economy’s documented successes, the backdrop is an economy that has grown slowly for the best part of a decade.

We have clear strengths in sectors and firms across the Scotland, from food & drink, financial services, energy and tourism. Our workforce is highly skilled with our university sector world class.

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April 17, 2019

From the Fraser Commentary – the policy challenges

Next month will mark the 20th anniversary of the first elections to the devolved Scottish Parliament.

There will no doubt be some reflection on the successes and failures of the parliament since then. But whatever your view, it is hard now to imagine Scotland and Scotland’s economy without Holyrood playing a central role.

The significance of this role is only likely to increase in the years ahead. With Brexit, major structural shifts in our economy, the continuing recovery from a decade of austerity and the possibility of a 2nd independence referendum, further upheaval is inevitable.

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