With an economic crisis looming, we thought that it would be helpful to unpick what we know about the underlying business base in Scotland. And in particular, how the current business base is equipped to deal with the current economic uncertainty given its changing nature over the last few years.
This update provides a snapshot of new data on the Scottish economy and households based on data released in the last fortnight. The latest GDP figures for the UK were published today showing that the UK economy grew by 2.1% in August – disappointing growth particularly as we move towards tougher restrictions.
This week is Challenge Poverty Week in Scotland, an annual programme of events that bring together many people, politicians and organisations to talk about poverty and how to solve it.
So what is poverty, why does it matter, and what are we doing about it? Here are some key poverty facts to give you the lowdown on what you need to know.
GDP estimates for Scotland published this week show that the Scottish economy grew by 6.8% in July compared to June. The number of furloughed workers has fallen significantly between July and August in Scotland and the rest of the UK as the Job Retention Scheme started to be wound down. Accommodation & food services and arts, entertainment, and recreation continue to be the sectors which have been most negatively impacted.