From my regular source, Insider,
‘Business confidence in Scotland rose during June, according to a study. The latest barometer from Bank of Scotland found companies were 24% [more?] positive about their prospects, nine points higher than in May. Overall confidence across the UK fell by six to 29%.’
Fraser Sime of Bank of Scotland said:
‘It’s encouraging to see the gradual rise in confidence across the country leading to a boost to recruitment plans throughout Scotland. Given the economic uncertainty the country’s businesses are facing, rising confidence in one month does not mean it’s plain sailing for anyone. But the fact that the underlying trend is positive suggests firms are slowly becoming more comfortable with uncertainty as the new normal.’
Now, I’m not a businessman but isn’t capitalism all about exploiting uncertainties to make a profit?
Anyway, this is the second such report in only two days. See:
Presumably this confidence relates in some way to the news that, in GDP terms (limited I know), Scotland’s economy is growing twice as fast as that of the non-Scottish parts of the UK.
Finally, to hammer home a nail, so to speak, this is not unusual news. See these recent examples of more good news on the Scottish economy than a national broadcaster could be expected to digest: