Economy

1-15 of 334 Articles
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UK government borrowing has exceeded official forecasts in March and for the full 2024-2025 fiscal year, intensifying pressure on public finances amidst a challenging economic outlook compounded by US tariffs. Data released by the Office for National Statistics (ONS) revealed a shortfall between gov

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The percentage of Scottish small businesses predicting growth has fallen to a four-year low (29%), according to new figures from Novuna Business Finance.  The current position stands in stark contrast to last summer, which saw a period of stability in Scottish growth outlook.

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Edinburgh's Smart Data Foundry has launched the Economic Wellbeing Explorer, a platform offering unprecedented insight into financial hardship across Scotland. Using near real-time data from 5.3 million bank accounts, the Explorer tracks economic resilience and wellbeing at national, regional, and l

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UK inflation fell to 2.6% in March, dropping from 2.8% in February and below City forecasts of 2.7%, intensifying pressure on the Bank of England to consider cutting interest rates at its meeting next month. The Office for National Statistics attributed the lower rate primarily to falling fuel

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Scotland’s known public sector procurement spend in 2022-23 delivered an estimated 120,000 full-time equivalent jobs and £7.5 billion to Scottish GDP, according to new figures. The sixth annual report on procurement activity in Scotland shows that known procurement spend generated an est

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Over a third of Scottish mid-market businesses have said that they expect to be directly affected ‘to a significant extent’ by the US Government tariffs, according to the latest survey from BDO. Its survey of 500 mid-market businesses conducted between 24 March and 2 April -  before

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Inflation tracked by the UK's consumer prices index (CPI) increased by 2.8% in the year to February 2025, a reduction from January's 3.0%, according to the Office for National Statistics (ONS). This figure was marginally below market forecasts of 2.9%. Core CPI, excluding volatile items, rose by 3.5

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Firms occupying larger premises in Scotland are set to pay £54.7 million more than their equivalent-sized counterparts down south in the coming year, from 1 April. The figures have prompted the Scottish Retail Consortium (SRC) to reiterate its call for rates parity with England and for the int

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Global investors have significantly increased their allocation to UK stocks, reaching the highest level since June 2021, according to Bank of America’s (BofA) latest Global Fund Manager Survey.

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Scottish retail sales experienced a slight decline in February 2025, according to the latest figures. Total sales decreased by 0.4% compared to the previous year, although when adjusted for inflation, there was a modest 0.3% increase. Like-for-like sales remained flat.

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The UK economy unexpectedly shrank by 0.1% in January, a setback for the government as Chancellor Rachel Reeves prepares for the Spring Statement. This contraction, driven primarily by a decline in manufacturing, falls short of economists' predictions of 0.1% growth.

1-15 of 334 Articles