Scotland’s exports outpacing the UK average

Scotland’s exports outpacing the UK average

Scotland has reported the fastest rate of total sales volume growth anywhere in the UK according to a new survey. The research suggests growth in exports is at 4.9 per cent, while growth in domestic sales is 3.6 per cent. These figures outpace the UK averages and are well above...

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Scottish Business Buzz (12.09.18)

Scottish Business Buzz (12.09.18)

V&A Dundee opens its doors for the first time to the public on Saturday 15 September 2018. Today its beautiful, light-filled interiors designed by acclaimed Japanese architect Kengo Kuma have been revealed for the first time. As Scotland’s first design museum, V&A Dundee tells a global story, investigating the international...

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The more Westminster says No, the more Scotland will say Yes

The more Westminster says No, the more Scotland will say Yes

This week the SNP has set out its programme for government. As you would expect, the Scottish Greens called it timid and lacking ambition, and the others basically echoed a “there’s nothing new” sentiment. Truthfully there isn’t much to get excited about in the Government’s plan, but that’s to be...

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$500m oil and gas investment in Scotland’s ‘frontier’ region

$500m oil and gas investment in Scotland’s ‘frontier’ region

News of a $500m investment in the North Sea has been welcomed by industry leaders. Speaking after Spirit Energy announced a deal which could lead to total investment of more than $1billion, Mike Tholen of industry body Oil & Gas said the West of Shetland – the ‘frontier’ region –...

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Scottish Business Buzz (05.09.18)

Scottish Business Buzz (05.09.18)

Nicola Sturgeon has unveiled her new Programme for Government which included steps to try to boost the economy, such as a major new drive to increase exports. The First Minister said the focus is on “delivering for today and investing for tomorrow”. According to Sturgeon, work will build on supporting...

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BfS has three key asks of the Scottish Programme for Government

BfS has three key asks of the Scottish Programme for Government

Scotland needs a digital focus, one that is innovative, compelling and effective, and it’s a focus we want to see addressed in the Programme for Government, being launched by FM Nicola Sturgeon tomorrow (Tuesday). We would like to see the Scottish Government taking the lead in developing a commonly owned...

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Is a Scottish Citizens Income the key to gender equality in modern times?

Is a Scottish Citizens Income the key to gender equality in modern times?

Scotland now has a partially devolved social security system, Social Security Scotland, which will control 11 devolved benefits worth more than £3 billion. Credit is due to the Scottish Government, as from the middle of next month 75,000 Scottish carers will receive their first payments of a new Carer’s Allowance...

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GERS – an annual exercise in hiding Scotland’s true wealth

GERS – an annual exercise in hiding Scotland’s true wealth

Every year a report is published called Government Expenditure and Revenue Scotland (GERS). It is important for people to understand that GERS is published by the Scottish Government as part of a set of UK regional accounts and uses the accounting assumptions set by the UK Government. It does not...

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GERS – Oil revenues rise, Scotland’s illustrative deficit as part of the UK falls

GERS – Oil revenues rise, Scotland’s illustrative deficit as part of the UK falls

Scotland’s oil revenues have jumped by more than £1billion, according to figures released today. The latest Government Expenditure and Revenue Scotland (GERS) statistics show a rise from £266 million in 2016/17 to £1,327 million in 2017/18. Meanwhile, onshore tax take increased by a healthy £2 billion, taking total Government revenue...

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Scottish Business Buzz (22.08.18)

Scottish Business Buzz (22.08.18)

Brewster Bros, a family-run business in Livingston, is to launch the largest recycling plant in the UK. The plant, featuring a CDE state-of-the-art wet processing system, will provide waste management services and recycled aggregates to builders, construction companies, concrete product producers, ground workers, civil contractors and utility contractors from its...

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A second EU referendum is unlikely, and England would probably still vote Leave

A second EU referendum is unlikely, and England would probably still vote Leave

There is some new research out this week that shows Scottish households are now more than £800 worse off because of the UK-wide vote for Brexit. The data is based on analysis of the average annual household spend in Scotland as calculated by the UK Government’s Office for National Statistics...

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Scottish economic growth outpacing the UK

Scottish economic growth outpacing the UK

The Scottish economy has grown faster than the UK’s and is double the estimated level in the first quarter of 2018. The Scottish Government issued revised figures for GDP in the first three months of the year showing it grew by 0.4%, twice the UK rate of 0.2%. Scottish GDP...

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Scottish Business Buzz (15.08.18)

Scottish Business Buzz (15.08.18)

Electric cars could be charged in a matter of seconds using a revolutionary battery system developed by a team of Scottish scientists, it has been claimed. Researchers at the University of Glasgow have adapted nano-molecules so they are able to store either electric power or hydrogen gas, creating a flexible...

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Failing to address climate change is like playing Russian roulette – even if the climate skeptics are right!

Failing to address climate change is like playing Russian roulette – even if the climate skeptics are right!

This has been one of the hottest summers on record, and it brings the issue of climate change to the front of our minds. Mainland Europe has been experiencing temperatures in the mid-40s, Spain 44C, Portugal 46C, and the European record of 48C (Athens) was threatened. In Scotland 33C was...

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Failing to address climate change is like playing Russian roulette – even if you think the climate skeptics are right!

Failing to address climate change is like playing Russian roulette – even if you think the climate skeptics are right!

This has been one of the hottest summers on record, and it brings the issue of climate change to the front of our minds. Mainland Europe has been experiencing temperatures in the mid-40s, Spain 44C, Portugal 46C, and the European record of 48C (Athens) was threatened. In Scotland 33C was...

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Scottish Business Buzz (08.08.18)

Scottish Business Buzz (08.08.18)

Queen Margaret University and East Lothian Council have welcomed the confirmation of funding of £600 million from the UK and Scottish Governments, which, when taken together with contributions from partners, will result in an investment of more than £1.3 billion in the economy of the Edinburgh and South-East Scotland region....

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BoE base rate rise will do nothing to head off the coming economic storm

BoE base rate rise will do nothing to head off the coming economic storm

Raising interest rates is traditionally seen as a tool to control inflation, but that is based on an assumption that inflation is being caused by traditional drivers such as increased consumer demand. However, the current inflationary driver is Brexit and the resultant fall in the value of the pound, which...

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Could Brexit and incompetence end the Westminster dominance of the Tories and Labour?

Could Brexit and incompetence end the Westminster dominance of the Tories and Labour?

Westminster politics is a mess and the MPs of UK Labour and the Conservatives are at odds with the views of their grassroots. Many MPs on the Conservative pro-Brexit right are rebelling against Theresa May but until the Brexit deal is done are not willing to move against her. Many...

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