Economy

The Scottish Government has announced that trade minister Ivan McKee will meet global industry leaders during a visit to Indonesia and Singapore aimed at unlocking new trade and investment opportunities. At the Global Space and Technology Convention in Singapore he will highlight the success of Scot

The Scottish private sector reported a further fall in total activity during January according to the latest Royal Bank of Scotland PMI data. The Business Activity Index - a measure of combined manufacturing and service sector output - fell from December's five-month high of 48.3 to 47.1, signalling

The UK technically dodged a recession at the end of 2022, however the outlook is bleak as growth is expected to remain close to zero during 2023, new figures from the Office for National Statistics (ONS) show. In December, GDP fell 0.5% following growth of 0.1% in November which resulting in GD

Scotland’s economy will contract throughout most of 2023, researchers at the Fraser of Allander Institute have revealed. In the Deloitte-sponsored economic commentary published today, the Strathclyde researchers have set out their new forecasts for the Scottish Economy.

The Local Area Economic Profile published by Fife Council shows that Dunfermline is performing relatively well against not just other parts of Fife but in cases, better than Scotland as a whole. Dunfermline has a growing economy, good median earnings and economic inactivity is down.

Experts have said the Bank of England's Monetary Policy Committee may not increase interest rates by a further 50 basis points (bps) as previously expected, due to the likelihood of a deep recession lessening.

Fears grow of a worse recession than previously thought as experts predict lower GDP growth for the next three years.

The governor of the Bank of England (BoE), Andrew Bailey, has suggested that the base rate will peak at 4.5%, down from a previously expected 6% or higher. The UK economy is will still enter a recession but the BoE's newest projections show that inflation is set to fall rapidly from spring.

The consumer prices index rate of inflation has decreased to 10.5% in December from 10.7% in November, according to the latest figures from the Office for National Statistics (ONS). The rate was slightly lower than the forecast 10.6%, and continues the downward trend from 11.1% in October, suggestin

New figures from the Office for National Statistics (ONS) have shown that the UK's GDP grew by 0.1% in November, driven by an increase in the services sector. The growth was attributed to temporary factors such as the beginning of the men's football World Cup, which boosted activity in the food and

Sentiment among financial services recovered in the three months to December (+10% from -55% in September), despite gloomy expectations for activity in the quarter ahead, according to the latest CBI/PwC financial services survey.

Typical household disposable incomes for working-age families are on track to fall by 3% this financial year, and by 4% next year, with the two-year cost-of-living squeeze set to leave families £2,100 worse off and only the very richest households seeing their incomes rise, according to new re

Economic confidence has risen slightly in December to -58, up from -64 in November, according to the IoD Directors’ Economic Confidence Index, which measures business leader optimism in economic prospects. There were also slight improvements in expectations for revenue, employment, investment

Edinburgh and Glasgow are set to see their local economies be amongst the fastest growing as the UK emerges from recession in the second half of 2023, according to a new study by law firm Irwin Mitchell.

In November, UK credit card borrowing reached its highest level since 2004 as pressure mounts on households from rising living costs.