Scottish business confidence higher than in any other region of UK


(c) eTurboNews

In Insider today:

‘Business confidence in Scotland and across the UK is on the the up, according to two new reports. As measured by the latest Bank of Scotland Business Barometer, positivity north of the Border rose 18 points during April to reach a balance of 30 per cent, the biggest rise of any UK region. The Business Barometer – which measures those with a positive versus negative outlook – found 41 per cent of companies in Scotland are more upbeat about their individual business prospects. On the question of the wider economic outlook, a balance of 18 per cent said they were confident. Together, this gives an overall confidence of 30 per cent, 18 points above the previous month’s figure of 12 per cent.’

It’s been a few weeks since the last of such surveys suggesting the Scottish economy is in better health than our media would have us believe. See these for a reminder of how much evidence there is:

Scottish businesses more likely to be stable than those in rest of UK: News from a parallel universe unknown to our mainstream media

Hard evidence of a robust economy further undermines media doubts based on unreliable and meaningless GDP statistics

Scottish economy is thriving on innovation as patent filing runs at 4 times the UK rate

And more evidence of a strong economy: starting salaries in Scotland increase at quickest rate for more than 3 years

17% increase in number of Scots planning to start a new business as Scottish economy strengthens

Scotland’s economy continues to show signs of good health and growth

Reports of a strong Scottish economy just keep coming. Now debt decrees down 93% in the last three months

More evidence Scottish economy is strong: Demand for office space in Glasgow highest for ten years

Clear signs of a robust economy? 15% increase in Edinburgh office take-up in 2017 and Glasgow set for a ‘stellar 12 months.’

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

The Auditor General strongly, with no qualifications, commends the Scottish Government on its ‘sound’ management of the economy. The lowest under-spend since devolution.

With only 8% of the population, Scotland’s maritime sector accounts for 25% of the UK maritime sector’s (GVA) contribution to the economy and is 17.5% more productive than the UK marine oil and gas sector. Once more, too wee, too poor?

12% increase in the formation of social enterprises in Scotland over only 2 years leads to a £2 billion economic contribution to Scottish economy.

England runs massive trade deficit. Only Scotland has a viable sustainable economy, exporting more than she imports thus requiring no national debt



4 thoughts on “Scottish business confidence higher than in any other region of UK

  1. Ludo Thierry April 30, 2018 / 4:53 pm

    Hi John – the Scottish economy is performing miracles considering the Westminster/Whitehall hoops that it has to jump through. The brexit effects in medium and longer terms worry me a good deal. Hopefully we’ll have chosen Indy fairly soon and can start to work our way through these issues and come out as an Indy Scotland In Europe in fairly quick order – but it might end up being EFTA or Norway-style deal for a while. If rUK are ‘attached’ to ‘a’ Single Market arrangement (whatever it is called) – as looks increasingly likely – then that should make things easier for both Scottish and rUK businesses to maintain their current STRONG trading relationships.

    Am wondering how the britnat broadcasters and press will manage to make Amber Rudd’s departure a case of SNP baaad? – Interestingly there are a couple of Scottish connections. Having dumped Stephen Crabb as her first choice for PM (once his curious peccadilloes came to public light|) Corporal Davidson was – not so long ago – identifying (in a puff piece in the Sun in Aug 2017) Amber Rudd as her new choice:

    By Lynn Davidson
    4th August 2017, 11:31 pm

    Sources claimed Ms Davidson views Ms Rudd as the “pick of the current Cabinet”

    Given Crabb’s case of the crabs and Forever Amber’s departure from the stage it would seem that the little corporal’s seal of approval is the very kiss of political death for tory leadership hopefuls.

    Interestingly both Crabb and Rudd have a Scottish connection of a sort. Crabb was born in Inverness and moved away when young – and Rudd is a graduate of Edinburgh Uni – I suppose that means Scotland has to take some share of the blame for these obnoxious political creatures. We’ll take our fair share of the blame – but no more than our fair share!

    Bizarrely, Rudd appeared in the credits of the Blairite movie ‘4 weddings and a funeral’ as ‘Aristocracy Corresponden’t – (I know it sounds like an Urban Myth – but the State broadcaster carried the info – so it must be correct – erm – mustn’t it??). I suppose this expertise will stand her in good stead when Theresa decides to kick her across to the House of Lords (In truth – given her narrow+ majority Rudd is probably destined to remain where she is for the time being).

    Liked by 1 person

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