Using economics to inform the choices we face as a society
Strathclyde University’s Fraser of Allander is a leading economic research institute, which carries out impactful research to inform the big challenges and opportunities facing the nations of the UK.
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A ‘Scotland-specific shock’ was forecast back in January triggering additional budget flexibilities for the Scottish Government over the next few years. This article considers whether the shock still holds up in light of the new OBR forecasts for the UK economy.
Yesterday’s budget confirmed that the £20 a week increase in Universal Credit is being extended until the end of September 2021. But is this too soon to be taking away support from low income households?
This was a budget of two parts – more spending in the short term to support mitigate the impacts of covid restrictions, and future fiscal tightening to address concerns about fiscal sustainability. But what were the implications for Scotland?
The latest GDP data for Scotland shows that the Scottish economy continued to contract into December with a decline of 0.3%. The Scottish economy remains 7.2% below pre-pandemic levels; this compares to 6.3% in the UK economy.
The UK has one of the highest levels of regional income inequality across developed countries. The Johnson government proposes to tackle this with a leveling up agenda. But where does Scotland fit into this picture? We show that the answer to this question depends on the type of regions we compare. As a whole, Scotland has income levels close to the UK average but looking closer we find a more nuanced picture.
In this episode, we discuss our latest report examining the system that delivers social care and support to adults with learning disabilities in Scotland. We also hear about a model of social care that has delivered positive outcomes – Shared Lives schemes.
Emma Congreve is joined by Mairi Spowage to give an update on what the latest Scottish Business Monitor and ONS GDP statistics tell us about how the economy is fairing. They also discuss some of the findings from the Social Care Support for Adults report published last week by the FAI.
As the national lockdown remains across Scotland and the UK, and we approach the one-year anniversary of the first COVID-19 case in Scotland, the story amongst the sectors of the economy continues to emerge.
This week we published our latest Scottish Business Monitor in partnership with Addleshaw Goddard. You can read the latest Scottish Business Monitor here. Scottish businesses remain optimistic despite uncertainty.