I suspect some might be getting just a bit fed up with all this good news on the Scottish economy. We’ve had falling unemployment, increased job opportunities, increased business confidence, increased demand for office and industrial space and the suggestion that Scotland is the best place to start a business. Recently, even the UK government has published data showing a fairly long-term trend for Scotland to have trade surplus while the rest of the Union racks up huge debts due to its massive trade deficit. Here are just some of the sources:
25-year low in Scottish unemployment and increasing employment as rUK unemployment stagnates
Unemployment at record low, employment up, economy growing, youth unemployment amongst lowest in Europe, business confidence increasing, oil jobs returning, health indicators improving to world’s best: That’ll be Norway? No? Scotland!? SNP baaaad!
Scottish businesses showing signs of greater health than those in the rest of the UK
‘Staggering’ 175% increase in Edinburgh office take-up is further evidence of booming Scottish economy
England runs massive trade deficit. Only Scotland has a viable sustainable economy, exporting more than she imports thus requiring no national debt
Now we hear from the Bank of Scotland’s latest ‘Purchasing Managers Index (PMI) in the Insider today:
‘The report suggests the private sector “moved up a gear” in July, with manufacturers reporting strong growth in new orders though service sector growth was more moderate. However, recruitment across Scotland’s private sector rose to a 31-month high as Scotland’s private sector recorded its eighth straight month of expansion.’
These economic indicators all fit together. It’s no accident that one leads to another. It’ll have to stop though or some people might get the idea that Scotland could survive on its own. Next thing you’ll be telling me is we’re energy rich too.
Footnote: If you read these articles quite soon after I’ve posted them then you might miss some of the excellent responses made later by readers. It’s well worth returning 24 hours later to see some of them. Quite a few have even more information of interest than my starter.
Over and above this good news, I expect that Scottish economic output will rise significantly over the next three years as a result of massive new oil fields coming on stream and the value of that oil being boosted significantly by the low value of the Pound (oil is priced in Dollars so, when the Pound falls against the Dollar, the value of the oil in Pounds goes up).
Yes, good points.