Economy

91-105 of 359 Articles
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The UK economy grew by 0.5% in the second quarter of 2024, slightly less than initial estimates of 6%, according to the Office for National Statistics. Despite the slowdown, there are signs of improvement, including a rise in the household saving ratio and GDP per head.

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Business confidence in Scotland fell by 16 points to 48% in September, according to the Bank of Scotland's Business Barometer. Companies in Scotland reported lower confidence in their own business prospects month-on-month, down 19 points at 47%. When taken alongside their optimism in the economy, wh

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The OECD has significantly upgraded its UK economic growth forecast for 2024, now predicting a 1.1% expansion. This marks the largest upward revision among G7 nations and places the UK alongside France and Canada for growth. However, the OECD also warns of persistent inflationary pressures, with cor

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Scotland's economy saw modest growth of 0.3% in July 2024, outperforming the stagnant UK economy. This follows a revised 0% growth (up from -0.3%) in June, contributing to a 0.3% increase in GDP for the three months leading to July. The manufacturing and information & communications sectors were

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UK inflation has remained flat at 2.2% in August, despite a significant surge in airfares. The Office for National Statistics (ONS) reported that lower fuel prices and slower increases in restaurant costs offset the rise in flight costs. This news comes as the Bank of England is expected to maintain

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The UK's national debt is projected to treble over the next 50 years, driven by an ageing population, climate change, and geopolitical tensions, according to the Office for Budget Responsibility (OBR). In its latest Fiscal Risks and Sustainability Report, the OBR revealed that without increased

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Store closures in Scotland have slowed significantly, with towns and cities losing less than one shop a day on average, according to PwC. PwC's bi-annual report, using data from location data specialist Green Street, tracks more than 200,000 chain outlets in over 3,500 locations to gain a picture of

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The Scottish labour market continues to demonstrate strength, with employment rates rising and unemployment falling in the May to July 2024 quarter, according to recent figures. Despite a slight lag behind UK averages, Scotland's employment rate reached 74.2%, while the unemployment rate dropped to

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Scotland's private sector maintained its growth trajectory in August, according to the latest Regional Growth Tracker data from RBS. The economy was again, however, driven by the service sector, masking a downturn at manufacturers. Service firms also revealed a further improvement in demand trends,

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Scotland's Finance Secretary Shona Robison has unveiled plans for up to £500 million in spending cuts to balance the Scottish government's budget amid "enormous and growing" financial pressure. Ms Robison told parliament that this fiscal year Scotland is projected to face an additional £

91-105 of 359 Articles
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