In the first poll of ICAS accountants since last month’s Scottish Budget, just 6% said they were confident in the state of the economy. In contrast, more than three-quarters (78%) reported that they do not feel confident.

When asked which areas the Scottish Government should prioritise nearly two-thirds (63%) of respondents identified the need for a long-term economic and tax strategy, making it the strongest area of consensus among accountants.

“Scotland needs a lower tax environment, with incentives for businesses to locate here, to attract entrepreneurs and increase productivity,” said one ICAS member. “There also has to be much more emphasis on education and training to build an attractive employee base.”

Support for Scotland’s business service sectors emerged as the second most popular priority, reflecting their central role in driving growth, productivity and employment. Greater emphasis on vocational skills and workplace learning followed closely, highlighting the importance of skills development for long-term economic resilience.

The survey findings reinforce ICAS’ response to the Scottish Budget, which warned that incremental tax changes and short-term measures fall short of delivering the strategic clarity needed to support sustainable economic growth.

Gail Boag, ICAS CEO, said: “Our findings reveal deepening concern among Chartered Accountants about the lack of a clear, long-term economic strategy for Scotland.

“ICAS members work at the heart of the business community as trusted advisors, so are witnessing first-hand how policy uncertainty and short-term changes are eroding confidence and transparency in the economy.

“With the Scottish elections approaching, the next government must take decisive action beyond incremental tax tinkering and set out a more coherent economic vision. One that delivers tax stability, supports key growth sectors, and invests in skills to strengthen Scotland’s long-term competitiveness.”