Business confidence up 17% and higher in Scotland

(c) Insider

From Insider yesterday:

Plans for hiring staff in Scotland are at a year-long high, according to a new report. The Bank of Scotland’s Business Barometer for June shows a 17% rise in overall business confidence across Scotland in the past month to 17%. Hiring intentions north of the border have reached their highest level since May 2018 as a net balance of a fifth of businesses (20%) plan to create new jobs in the next year – up 23% on last month. Economic optimism has risen 19 points to 2% in the past month, while firms’ confidence in their own business prospects was 32%, up from 17% in May. Brexit fears for businesses have dropped in Scotland, the barometer found, but a net balance of around a third of firms still believe the UK’s exit from the EU is having a negative impact on their expectations for business activity. This has dropped 18% from last month. The monthly survey of 1,200 businesses found business confidence in Scotland is four percentage points higher than that across the UK as a whole.’

https://www.insider.co.uk/news/business-confidence-boost-hiring-hits-17266823

Earlier reports of strength in Scottish economy, pre-independence:

Scottish business confidence up ‘despite Brexit’ or because of SNP/Indy surge?

Scottish Government support for small businesses superior to that in non-Scottish parts of UK

Unemployment in Scotland 13% lower than UK and wages higher AFTER SNP government gives businesses more than £4 billion in rates relief

Alex Cole-Hamilton exposes huge SNP Government-funded 142.8% rise in Business Studies student teachers to enable many more to study subject in schools

Almost two thirds* of Scottish manufacturers believe business will grow despite global turmoil

Highlights of positive business reaction to Scottish Budget

Business confidence in Scotland up 4% after Scottish Government rate changes

Have Scottish Government’s Small Business Bonus rates enabled up to seven in ten private sector jobs?

Economic contribution of Scottish women-owned businesses grows by nearly twice the rate of UK

 

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