RBS and BoS report more good news on Scottish economy. When will it end?

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From the RBS Monitor and the Bank of Scotland business barometer, today, more good news on the general good health and optimism in Scotland’s business sector. Two extracts will suffice.

Royal Bank:

‘It’s very welcome news that Scottish businesses are reporting growth so far in 2018 and appear confident that they can maintain that momentum into the second half of the year.’

Bank of Scotland:

‘It found that Scottish businesses’ overall confidence saw a month-on-month drop of seven points to 17 per cent, dragged by their increased negativity about the UK economy. However, their optimism in their own prospects reached 31 per cent, two points higher than a month ago. Jane Clark-Hutchison, head of mid markets, Scotland, said that all in all the findings show “how resilient businesses are throughout Scotland”.’

Phew, how many good news reports can we take? We’ve already had:

See this Douglas? Business investment in Scotland up 250%!

Scottish Business Strength No.77: Small Scottish construction firms’ growth up 17%

Scottish small businesses still more confident than those in non-Scottish parts

Business activity soars to four-year high across manufacturing and service

Business confidence in Scotland soars by 24% while it sinks 29% in non-Scottish parts of UK

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

Scottish Government supports economy with new business rates unique in UK

Scottish business confidence higher than in any other region of UK

I’m getting suspicious. It can’t be this optimistic. I watch the BBC news and it seems much worse there.




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