Economy

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A landmark trade deal signed today between Prime Minister Sir Keir Starmer and his Indian counterpart, Narendra Modi, is set to deliver a £190 million boost to the Scottish economy. The agreement will see tariffs on Scotch whisky exports to India halved from 150% to 75%, with the potential for

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UK government borrowing has reached a higher-than-expected £20.7 billion in June, fuelled by soaring debt interest payments that place Chancellor Rachel Reeves under increasing pressure ahead of her Autumn Budget.

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UK inflation unexpectedly rose to 3.6% in June, casting doubt on the likelihood of an interest rate cut in August. The figure, released by the Office for National Statistics, surpassed analysts' expectations that inflation would hold steady at May's rate of 3.4%. 

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The UK's blue-chip stock index has smashed through the 9,000-point barrier for the first time, touching a new record high of 9,016.98 in early trading on Tuesday. The surge, which takes the FTSE 100’s gains for 2025 to over 10%, is being hailed as a significant achievement that is helping the

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The UK economy experienced an unexpected contraction of 0.1% in May, according to official figures from the Office for National Statistics (ONS). This fall in gross domestic product (GDP) occurred despite a temporary pause in US tariffs, defying economists' forecasts of 0.1% growth.

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The United Kingdom's economy grew by 0.7% in the first quarter of 2025, matching the initial estimate and marking the strongest expansion in a year. This welcome news for the UK government, which follows a modest 0.1% gain in the final quarter of 2024, positions the UK with the highest growth rate a

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Scotland’s onshore GDP contracted by 0.2% in April 2025, according to statistics announced by the Chief Statistician, following contraction of 0.4% in March 2025 (revised from contraction of 0.2%). In the three months to April, GDP is estimated to have contracted by 0.2% compared to the previo

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The value of goods and services produced in Edinburgh per head of population has surpassed London’s for the first time, according to economic data recently published by the Office for National Statistics (ONS).

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UK CPI inflation has remained frozen at 3.4% in May, after the Office for National Statistics corrected April's 3.5% reading to 3.4%. Annual food inflation surged to 4.4% last month, a notable rise from 3.4% in April. This was spurred by the fastest-ever recorded increases in the price of sugar, jam

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Scottish economic growth could exceed the wider UK economy in 2026, according to KPMG’s latest European Economic Outlook. KPMG forecasts Scotland’s GDP will grow by 1.2% in 2026, slightly ahead of the 1.1% growth rate forecasted for the UK. The firm’s report predicts Scottish busin

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The UK economy contracted by 0.3% in April, a sharper decline than economists had forecast. Data released by the Office for National Statistics on Thursday revealed a more substantial downturn than the 0.1% contraction that had been anticipated, reversing the 0.2% growth seen in March.

1-15 of 364 Articles