The University of Strathclyde
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.
In the least newsy of news it became ‘official’ at 07:00 on 12 August that the UK economy had been in recession. That confirmation came with the GDP figures for the three months from April to June. During that time income fell by 20.4%, following a fall of 2.2% between January and March.
This video gives an update on the latest labour market data for Scotland and the UK released in August 2020.
ONS have recently released some new experimental regional data which look at how households spend their money. This article looks at these data in more detail, exploring what they tell us about household consumption and saving across the UK.
One consequence of the recessions of the 1970s and 1980s was a permanent fall in demand for industrial property. They bequeathed thousands of empty buildings and vacant, often derelict sites. So, given the current crisis, what’s next for commercial property and town centres?
As per usual, there was some amount of confusion about what the Chancellor’s statement yesterday meant for the Scottish Budget. Different numbers mean different things to people. But the outlook for the Scottish budget in 2020/21 has changed substantially since it was published in March. So, what do we know?
The Chancellor today announced a number of measures designed to stimulate economic recovery in the wake of the coronavirus pandemic. Overall, whilst significant, it is clear that the Chancellor is keeping some options in his back pocket for the budget in the Autumn. And whilst it is right that we …
Fiscal event or not a fiscal event…. today’s announcements in a nutshell Read More »
Graeme Roy is joined by Mairi Spowage and Stephen Boyle of the Fraser of Allander Institute, and Professor Andrew Goudie of the University of Strathclyde to discuss the latest economic implications of the global crisis. The team discuss the current ongoing economic implications for the global, UK and Scottish economies, …
Ben Cooper is joined by Mairi Spowage, Deputy Director of the Institute and Aodhán Connolly, Director of the Northern Ireland Retail Consortium, to discuss how the current pandemic is affecting the retail sector in Northern Ireland. With an already turbulent number of years for the retail sector, we discuss what …
We were delighted to be joined on Tuesday by our friends from the Resolution Foundation. The Resolution Foundation is an independent think-tank focused on improving the living standards of those on low-to-middle incomes – www.resolutionfoundation.org Their outstanding work on understanding the implications of this crisis on the economy has greatly …