Scotland's economy demonstrated robust growth in the first quarter of 2023, outpacing the UK average, according to recent data released by the chief statistician. From January to March 2023, the Scottish economy saw a 0.4% growth, an improvement over the previous quarter's 0.2% expansion. This rate
Recent inflation figures have pushed lenders to consider increasing fixed-rate mortgages to 5% and above.
The Deputy First Minister, Shona Robison, has announced a strategy for economic growth, progressive taxation, and targeted spending, aiming to bolster the country's economy and enhance public services amidst mounting financial challenges. The medium-term financial strategy outlines the Scottish Gove
April's UK inflation rate was reported at 8.7%, slightly higher than Bank of England's (BoE) forecast of 8.4%, but a drop from March's 10.1%. The deceleration in inflation was smaller than anticipated, leading to bond market sell-offs and mounting expectations for further interest rate hikes. The re
In the wake of Brexit, UK firms have significantly upped their investments in Germany, contributing over €750 million (c.£650m) in 2022 alone.
A comprehensive report has been issued by International Scotland, a consortium led by law firm CMS and the Fraser of Allander Institute, urging the Scottish Government to take immediate action to stimulate economic growth. The report outlines several key business sectors including sustainable touris
A report, sponsored by Scottish Enterprise and conducted by Deep Knowledge Analytics, has forecast blockchain technology contributing £4.48 billion to Scotland's GDP by 2030. The study, Blockchain Industry in Scotland Landscape Overview: Companies, Investors, Influencers and Trends, is the fir
Andy Haldane, the former chief economist at the Bank of England, and now adviser to both the Conservative and Labour parties, has criticised the UK's political leadership for their lack of fiscal ambition, while also urging the bank to pause interest rate increases.
Scottish private sector firms have shown strong growth in the second quarter, according to the Royal Bank of Scotland's latest PMI survey for April. The Business Activity Index reported a ten-month high of 54.3 in April, a rise from March's 52.9, fuelled by increased customer activity and a consiste
The Bank of England's Monetary Policy Committee (MPC) has today raised interest rates by a quarter of a percentage point to 4.5%, marking the 12th consecutive increase in borrowing costs.
According to the latest data from the Royal Bank of Scotland Report on Jobs, hiring conditions across Scotland deteriorated at the start of the second quarter.
The Scottish economy has reported growth of 0.3% in the three months to February 2023, according to the latest PwC UK Economic Outlook — alongside the rest of the UK’s nations and regions. Whilst the rate of growth north of the border is greater than that of North East, South East,
Mortgage approvals in the UK increased significantly to 52,000 in March, up from 44,100 in February, as per the Bank of England's Money and Credit report.
The Financial Conduct Authority (FCA) has proposed reforms to streamline the UK's listing rules with the aim of attracting a broader range of companies and improve investor choices.
The UK's Consumer Price Index (CPI) inflation fell to 10.1% in March, primarily due to dropping petrol prices.