Scottish Economy

Podcast: Cost of doing business crisis

Ben Cooper is joined by Adam McGeoch to discuss the latest Scottish Business Monitor results for Q4 of 2022 and the ongoing cost of doing business crisis.

Read the full Scottish Business Monitor publication here.

You can also get involved in the next survey by emailing

Also, don’t forget to sign up to next weeks commentary event in Edinburgh here or online here.

Chair: Ben Cooper, Associate Economist, Fraser of Allander Institute

Guests: Adam McGeoch, Economist Fellow, Fraser of Allander Institute


00:34 – What is the Scottish Business Monitor?
02:24 – Why was the latest survey significant for the institute?
04:15 – What are the key takeaways from the latest survey?
06:25 – What are the biggest issues facing firms?
08:40 – How are businesses fairing in the current economic climate?
11:05 – Are firms optimistic about the coming year?
12:42 – How can businesses get involved in the Scottish Business Monitor?


Ben is an economist at the Fraser of Allander Institute working across a number of projects areas. He has a Masters in Economics from the University of Edinburgh, and a degree in Economics from the University of Strathclyde.

His main areas of focus are economic policy, social care and criminal justice in Scotland. Ben also co-edits the quarter Economic Commentary and has experience in business survey design and dissemination.

Adam is an Economist Fellow at the FAI who works closely with FAI partners and specialises in business analysis. Adam's research typically involves an assessment of business strategies and policies on economic, societal and environmental impacts. Adam also leads the FAI's quarterly Scottish Business Monitor.

Find out more about Adam.