Scottish businesses showing signs of greater health than those in the rest of the UK

(c) telegraph.co.uk

From a report in Scottish Business News, yesterday, we see fairly significant differences in the extent to which Scottish and rUK businesses are showing signs of difficulty.

What’s known as Red Flag Data, for rUK, showed that signs of business distress were up 17% since the last quarter of 2016 and up 7% year on year. In sharp contrast signs of business distress in Scotland were down 8% on the last quarter of 2016 and down 28% year on year.

These are quite marked differences and suggest, along with the recent decline in unemployment taking it below the level for England, signs of growing strength in the Scottish economy.

Perhaps SNP Government initiatives such as the £500m package of financial support for private sector business investment announced in September 2016 will have helped?

http://www.scottishfinancialnews.com/12666/number-of-scottish-business-facing-critical-problems-falling-as-uk-averages-rise/

https://news.gov.scot/news/500m-new-support-for-businesses

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