Tuesday, 19 February 2019 15:43

NEW ANALYSIS: SCOTTISH ECONOMY BUCKS UK TREND WITH INCREASED GROWTH

Scotland’s economy grew faster than any part of the UK outside London between 2017 and 2018 – while bucking the UK slowdown, according to new analysis. 

The ‘nowcasting’ analysis, by academics at the Economic Statistics Centre of Excellence, provides estimates of regional economic growth.

According to the analysis, growth across the UK fell from 1.8% to 1.4% year on year, while in Scotland growth increased 1.6% to 1.7% – bucking the UK trend over the same time period.

That growth rate puts Scotland ahead of every UK region outside of London in 2018. 

The analysis is published as ONS figures show unemployment in Scotland at its lowest level on record, and lower than in the rest of the UK.

Commenting, SNP MSP Gordon Macdonald said:

“This analysis shows that the fundamentals of the Scottish economy are strong. With economic growth rising in Scotland and falling elsewhere across the UK, Tory claims that Scotland is somehow uncompetitive have been thoroughly debunked.

“But Brexit continues to be an enormous threat to jobs and businesses across Scotland – and the public will be concerned at the complete lack of clarity this close to leaving the EU.

“The SNP in government are offering stability and certainty through our budget which supports jobs and businesses.

“The UK government must do the same by ruling out a ‘no deal’ Brexit that would be economically disastrous.”

Regional growth in 2018 – what happened?
https://www.escoe.ac.uk/regional-growth-in-2018-what-happened/

Read 206 times

Monthly Archive

Donate by Paypal

     If you would like to support Helensburgh SNP please donate by clicking on the button below

Helensburgh SNP Easyfundraising

true


Did you know that whenever you buy anything online –  you could be raising a free donation for Helensburgh SNP?
There are nearly 3,000 retailers including Amazon, John Lewis, Aviva, who will donate a percentage of the amount you spend to Helensburgh SNP. It’s really simple, and doesn’t cost you anything. All you have to do to join is: Click Here

Facebook

Helensburgh Foodbank

Foodbank
https://www.helensburghlomondfoodbank.org/

Cartons of Long Life Milk, Packets of 1kg Rice, Packets of 500g Pasta, Jars of Pasta Sauce, Tins of Baked Beans, Tins of Vegetables, Tins of Fruit, Boxes of 80 and 160 Teabags, Boxes of Cuppa Soup, Boxes of Breakfast Cereal Bars