Economy

The Bank of England has delivered a pre-Christmas boost to borrowers, cutting the base interest rate by 25 basis points to 3.75%. This reduction, which brings rates to their lowest level in nearly three years, was driven by a deteriorating labour market and signs that price rises will continue to sl

Scotland’s onshore GDP grew by 0.2% in the three months to October 2025, maintaining the growth rate seen in the previous quarter. However, monthly figures announced by the Chief Statistician reveal a continued pattern of volatility. The economy contracted by 0.2% in October alone, following a

A steeper-than-expected fall in November’s inflation figures has all but cemented expectations for an interest rate cut when the Bank of England’s Monetary Policy Committee (MPC) meets tomorrow.

Scotland’s labour market is presenting a picture of resilience and strain as 2025 draws to a close, showing simultaneous increases in both employment and unemployment, alongside a decrease in economic inactivity, according to the latest Office for National Statistics (ONS) data. While employme

Scotland’s marine economy has generated £5.6 billion in approximate gross value added (aGVA) in 2023, according to the Scottish Government. Representing 3% of the total Scottish economy, the sector supports 75,900 jobs.

The UK economy unexpectedly shrank by 0.1% in October, marking a second consecutive month of contraction according to the Office for National Statistics (ONS). The figures defy economists’ forecasts of 0.1% growth and represent a fresh blow to the Chancellor following a stagnant August and a 0

Equity funds are grappling with their deepest and most prolonged period of withdrawals on record, with investors removing over £10 billion in the past six months alone. According to data from the global funds network Calastone, November marked the second-worst month on record, with a net &poun

Scotland’s onshore GDP grew by 0.2% in the third quarter of 2025, demonstrating resilience despite significant economic headwinds. According to the Chief Statistician, the economy expanded by 0.7% in September alone, rebounding from revised contractions in July (-0.4%) and August (-0.2%).

Output in the UK construction sector grew by 0.2% in September and by 0.1% over the third quarter of 2025, new figures have revealed.

The UK economy virtually stalled in the third quarter, expanding by just 0.1% between July and September, marking a significant slowdown from the 0.3% growth seen in the previous quarter. The figures were dragged down by a 0.1% fall in GDP in September, driven by a crippling cyber-attack on Jaguar L

The Scottish Government has revealed plans to sell approximately £1.5 billion of its own bonds, nicknamed "kilts", starting in the 2026-27 financial year. The announcement by First Minister John Swinney follows rating agencies Moody's and S&P assigning Scotland an investment-grade credit r

A new report on Scotland’s International Strategy highlights that Scottish Government efforts to promote the nation abroad have been integral to securing record export sales, inward investment, and tourism growth. The annual report, launched by External Affairs Secretary Angus Robertson, detai

Scotland’s labour market is facing “growing pressures” amid a complex economic backdrop, according to the latest figures. While data shows a challenging picture for employment, cooling wage growth across the UK has fuelled speculation of a pre-Christmas interest rate cut from the B

Interest rates will be held at 4% following a narrow decision by the Bank of England's Monetary Policy Committee as the Budget approaches. The nine-member committee was split 5-4 in this morning's vote, with four members supporting a reduction to 3.75%.

Scotland's onshore GDP grew by 0.7% in the three months to August 2025, up from the growth of 0.6% in the three months to July 2025. However, monthly GDP is estimated to have contracted by 0.1% in August 2025. This follows contraction of 0.3% in July and growth of 0.7% in June.