FAI Commentary: Scotland’s Climate Emergency

One of the frustrations with the ongoing Brexit burach is that important debates about the future of our economy have been crowded out.

As we have highlighted in previous Commentaries, Scotland faces a number of significant structural challenges. Our population will age significantly, whilst – for many – the world of work will change radically as existing tasks are increasingly automated.

But there are also opportunities, with new markets opening up and technology helping to support improvements in living standards.

One area that has captured the public attention has been climate change. Across the world, we have seen a renewed desire from governments to step up their response to the environmental challenge.Continue reading

October 23, 2019

Fraser of Allander Economic Commentary Published today

Moving towards a deal, but long-term challenges just about to start, says our latest  report  

  •  Make or break for UK’s exit from EU in coming days
  • Uncertainty to remain for foreseeable future

The impact of Brexit uncertainty has cost the Scottish economy around £3 billion – relative to where it would have been – according to new research from the Fraser of Allander Institute.

In our latest Economic Commentary, we highlight how growth has remained sluggish over the past year with firms putting off investment as they await the outcome of the negotiations over the UK’s exit from the EU.

We also point out that whilst it is possible that the UK’s exit from the EU will be finally ratified in the coming hours, days or weeks, this will not mark the end of the challenges facing Scottish businesses.

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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