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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Q3 Quarterly Economic Indicator published today…

The latest Scottish Chambers of Commerce (SCC) Quarterly Economic Indicator survey, in partnership with the Fraser of Allander Institute, for Q3 of 2019 was published today. 

Summary

The Survey shows that businesses continue to struggle due to factors caused by Brexit uncertainty in the most recent quarter. Confidence remains on a downward trend in most sectors compared to the same period last year. Yet businesses, particularly in the financial and business services sector, are cautiously optimistic that a positive outcome to Brexit on 31 October could start restoring confidence in the Scottish economy.

You can read the full report here: https://www.scottishchambers.org.uk/wp-content/uploads/2019/10/SCC-Quarterly-Economic-Indicator-Q3-2019-Report.pdf

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October 11, 2019

The latest Addleshaw Goddard Scottish Business Monitor Q3 2019

The latest Addleshaw Goddard Scottish Business Monitor was published today.

The survey provides a snapshot of activity in the Scottish economy in advance of national statistics. The survey also monitors optimism in the economy and therefore acts as a gauge of future activity levels.

The latest results

The latest Scottish Business Monitor covers activity up to the end of Q3 2019.

The Addleshaw Goddard Scottish Business Monitor, the first to be produced in a partnership between the Fraser of Allander Institute and the international law firm, revealed –

Business Monitor Headline Table 2

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September 26, 2019

UK regional growth in a time of economic uncertainty – estimates to 2019 Q2

This blog presents research outputs from an Economic Statistics Centre of Excellence project.

ESCoE provides the Office for National Statistics with research that addresses the challenges of measuring the modern economy, as recommended by Professor Sir Charles Bean in his Independent Review of UK Economics Statistics.

This research was undertaken by Strathclyde researchers Gary Koop @gary_koop, Stuart McIntyre @stuartgmcintyre and Aubrey Poon, and Warwick Business School’s James Mitchell

The blog below was first posted here: https://www.escoe.ac.uk/uk-regional-growth-in-a-time-of-economic-uncertainty-estimates-to-2019-q2/

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August 19, 2019