FSB spokesman at Wigmore Hall in Wigtown
In March this year, Insider reported:
‘New rates changes coming into force in April will help stimulate the economy and improve transparency, the Scottish Government has said. From 1 April, there will be no business rates for unoccupied new properties and tenants who take them on will be rates-free for the first year. Where properties are improved, they will not pay any additional rates as a result of the improvement for 12 months.’
These changes were unique to Scotland and seem likely to have contributed to growing business confidence here.
In Insider today:
‘Latest Business Barometer from Bank of Scotland found confidence increased to 11% in November, up 4% from previous month. Bottom of FormFirms’ confidence in their own business prospects also rose, increasing to 22% compared with 18% a month ago. When asked if Scottish businesses felt optimistic or pessimistic about the economy generally, firms were evenly split with a net balance of 0%, although this was an improvement on the previous month when a net balance of nine per cent described themselves as pessimistic.’
Is this a flash in the pan or evidence of a wider robustness in the Scottish economy after ten years of SNP government? See these from, only, as far back as July 2018:
There’s more, much more, if you search this blog for ‘business’ and have time to go back further.