Latest data on the Scottish economy – Update 10th July 2020

This update provides a snapshot of new data on the Scottish economy and households. Business indicators confirm that Scottish businesses continue to operate well below capacity, but there is clear evidence of more businesses returning. The reopening of High Street retailers at the start of this month brought a spike in demand – even exceeding pre-crisis levels.

Scottish Parliament Building

Scottish Budget update

As per usual, there was no amount of confusion about what the Chancellor’s statement yesterday meant for the Scottish Budget. Different numbers mean different things to people. But the outlook for the Scottish budget in 2020/21 has changed substantially since it was published in March. So, what do we know?

Waiters wearing masks in a restaurant

Fiscal event or not a fiscal event…. today’s announcements in a nutshell

The Chancellor today announced a number of measures designed to stimulate economic recovery in the wake of the coronavirus pandemic. Overall, whilst significant, it is clear that the Chancellor is keeping some options in his back pocket for the budget in the Autumn. And whilst it is right that we …

Fiscal event or not a fiscal event…. today’s announcements in a nutshell Read More »

Construction of infrastructure

Fiscal stimulus? Plus a note about ‘borrowing powers’…

We set aside some time yesterday to look over the Prime Minister’s economy announcements, following the trail that it would set out a plan for recovery. At the heart of the announcement was a £5bn “new deal” to build homes and infrastructure. But has been widely pointed out, there was …

Fiscal stimulus? Plus a note about ‘borrowing powers’… Read More »

The Scottish Parliament building

Latest data on the Scottish economy

This update provides a snapshot of new data on the Scottish economy and households. Overall, we are yet to see change in most business indicators, although consumer interest appears to be improving. The labour market and household finances remain precarious.

Mask on computer

What can we learn from previous pandemics and from the response to Covid-19 so far?

Jeremy A. Lauer, Professor of Management Science, Strathclyde Business School, (formerly) Economist with the World Health Organization If you would prefer, you can read or download this article as a PDF In spite of being the most foreshadowed global catastrophe in recent history, the COVID-19 pandemic has managed to catch …

What can we learn from previous pandemics and from the response to Covid-19 so far? Read More »

Student working on their education

An overview of today’s new commentary articles: poverty, educational attainment and Covid-19

Today we publish two new articles and an accompanying podcast as part of the June 2020 Fraser or Allander Economic Commentary looking at issues for some of the most disadvantaged households in Scotland. The Scottish Government sees poverty and the poverty related education attainment as important issues that need to …

An overview of today’s new commentary articles: poverty, educational attainment and Covid-19 Read More »

Scottish Parliament building

The outlook for the Scottish budget in 2020 and beyond

David Eiser, Fraser of Allander Institute, david.eiser@strath.ac.uk The outlook for the Scottish budget in 2020/21 has changed substantially since it was published in March. Higher spending and lower revenues will largely be offset by increased grant from the UK Government. The pandemic also accentuates the scale of several fiscal risks …

The outlook for the Scottish budget in 2020 and beyond Read More »