Scottish businesses continue to show signs of health with insolvencies down 23% as the Scottish economy holds strong

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KPMG reported the above for the three months to 30th September with total insolvencies down from 255 to 193. Back in July their previous survey reported insolvencies down by 27% on the previous year. No comparison with other parts of the UK was offered but a report in April, from Red Flag Data, had shown, for rUK, signs of business distress up 17% since the last quarter of 2016 and up 7% year on year while in sharp contrast signs of business distress in Scotland were down 8% on the last quarter of 2016 and down 28% year on year.

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

The KPMG report for Quarter 3 comes on top of a number of positive indicators of robust health in the Scottish economy such as being ranked the best place in the UK to start a business. See:

Ruth and Kezia sob as they hear Scotland is ranked as the best place in the UK to start a business. Will this good news never end?

Now I know that the Scottish economy only grew by 0.1% in the second quarter much to the delight of the media and the unionist politicians but remember it had already grown by 0.8% in the first quarter, four times the rate of the rUK economy. See:

Scotland in recession? No, the economy is growing. Are the Fraser of Allander Institute and its media followers talking through holes in their bahookies?

Remember also, only the Scottish economy has a trade surplus and its growing. See:

Scotland’s 2017 trade surplus grows as England’s deficit soars saddling the UK with ever more debt

If you need or anyone you know needs more convincing, try searching this blog for words like ‘economy’ and ‘trade’ and you’ll see dozens of earlier reports on these and many other indicators of an economy thriving well in excess of the rest of the UK.

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8 thoughts on “Scottish businesses continue to show signs of health with insolvencies down 23% as the Scottish economy holds strong

  1. William Henderson October 23, 2017 / 8:58 pm

    It must be a bit of a puzzle down south how a bunch of people they are convinced are subsidy-junkies can be showing them how to grow an economy.

    I’m still convinced that if we were actually costing England anything they wouldn’t be so keen on preserving the union.

    Liked by 1 person

  2. Clydebuilt October 24, 2017 / 8:19 am

    This was covered by the BBC’s radio station in Scotland at 8.50am , hidden away well after peak audience.

    Liked by 1 person

  3. gavin October 24, 2017 / 1:04 pm

    Brit Nat propaganda never sleeps, however. The better Scotland does, the more Westminster will claim the credit.
    Witness Treeza May asserting SHE ( and Fluffy ) had created hundreds of thousands of jobs in Scotland.
    Without even lifting a finger. Shameless!

    Liked by 1 person

    • Clydebuilt October 24, 2017 / 5:22 pm

      Spot on Gavin.! Brit Nat Propaganda, BNP. How fitting. . . Talking about Brit Nats Murdo and his Tory Chums are blazing at the Fracking Ban.

      Liked by 1 person

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