Uncertainty over Brexit continues to loom over Scotland’s economic recovery, according to the Fraser of Allander Institute (FAI).
In its latest Economic Commentary, published today (21 September 2017), the University of Strathclyde‐based independent research institute says the UK Government should provide greater clarity on the specific powers it envisages transferring to the Scottish Parliament after the UK leaves the bloc in March 2019.
While the latest data shows Scotland’s economy bounced back in the first three months of 2017 it comes on the back of an exceptionally weak last two years. Analysts say growth remains fragile and well below trend. And whilst employment is at a record high, household budgets continue to be squeezed by rising inflation eroding take‐home pay.