Based on a survey by the Scottish Chambers of Commerce and the Fraser of Allander ‘Institute’, reported in Insider today, it seems companies are reporting increasing levels of investment in both training and capital projects.
Even, Professor Graeme Roy director of the Fraser of Allander Institute, seems unable to do a convincing ‘ah but’ and can only remind us that things were less good in the past:
‘Whilst weak business investment has been a feature of Scotland’s economy in recent times, the survey suggests that levels of investment have increased significantly over the last year.’
You can see the grudging look on his face.
It will be interesting to see just how negatively BBC Scotland can spin this. Judging by their recent attempt, quite a bit, I’d say. See this for a reminder of their ability to spot clouds on a sunny day: