A busy week of news on the Scottish budget
Its been a busy week of news on the Scottish budget, with three significant announcements: on income tax outturn, budget revisions, and the scrapping of the UK Autumn Budget. What are the implications?
Latest data on the Scottish economy – Update 25th September 2020
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.
Income tax outturn 2018/19 & implications for the budget
Income tax outturn data for 2018/19 has been published. What does it tell us about the performance of the Scottish tax base, and what does it mean for the Scottish budget in 2021/22?
Orkney Islands Economic Review
Orkney is a unique economy within Scotland and has a number of economic strengths that are evidenced throughout this report. We discuss the key opportunities and challenges facing this Island economy.
Why is the labour market data proving so resilient so far during this crisis?
In this article we pull out the headline labour market data and set out some of the reasons why these headline indicators are seemingly so resilient despite what we know about the severe impact that the pandemic has had on the Scottish economy and the challenges it poses for the labour force.
Latest data on the Scottish economy – Update 11th September 2020
This update provides a snapshot of new data on the Scottish economy and households based on data released in the last fortnight. Last month we had official confirmation that Scotland was in a recession in the first half of the year and earlier this month we discussed that the recovery from this recession is likely going to be K-shaped with different sectors experiencing varied recovery times.
Can fare-free public transport help Glasgow reach their net zero emissions target by 2030?
Can Glasgow utilise fare-free public transport to help reach their 2030 carbon-neutral target?
A discussion with Jeremy Peat on the current crisis and where we are heading next
Emma Congreve and Graeme Roy were joined by the distinguished economist Jeremy Peat to discuss the current economic situation and how things are looking over the next few months and years. We discussed the challenges that are ahead, including the virus re-emerging on a large scale, and in terms of issues around those businesses and people who will be most affected by the crisis and how government policy will need to react going forward.
Not o-K.. the shape of the recovery to come
Hope of a sharp bounce back – a ‘v-shaped’ recovery – have all but disappeared. The fear is that the recovery will be long leading to a ‘U’ or ‘bathtub’ shaped recovery.
But there is increasing evidence to suggest that an alternative ‘shaped’ recovery is on the horizon – a ‘k’ shaped recovery.
Latest data on the Scottish economy – Update 28th August 2020
This update provides a snapshot of new data on the Scottish economy and households based on data released in the last fortnight. It has been confirmed that Scotland was in recession in the first half of 2020, and indications for the start of the second half of the year show things improving, but still below pre-Covid baselines in many cases.