Scotland's Economy

  • Unemployment in Scotland falls to lowest ever rate on record

    19th February 2019 by

    Commenting on this month’s labour market statistics update, released by the ONS for October to December 2018, Business Minister Jamie Hepburn said: “Despite the huge and continued challenges of Brexit, the Scottish economy and jobs market continues to strengthen. “Scotland’s employment rate rose to 75.5%, close to the highest on record. The unemployment rate fell...

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  • This week: 15/02/19

    15th February 2019 by

    State of the Economy Scotland’s Chief Economist, Gary Gillespie, published his State of the Economy Report in which he warns that intensifying Brexit uncertainty is causing concern and is already impacting key economic indicators in Scotland. Read more SNIB consultation analysis This week saw the first of many milestones for the Scottish National Investment Bank...

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  • Shaping the Scottish National Investment Bank

    11th February 2019 by

    Today we publish the analysis of responses to the public consultation on the Scottish National Investment Bank Bill which ran from September to October last year. This is the first of many milestones for the Bank in 2019 as we make significant progress towards the Bank being operational in 2020, investing in businesses and communities...

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  • This week: 08/02/19

    8th February 2019 by

    Ayrshire Growth Deal Infrastructure Secretary Michael Matheson visited Ayrshire to discuss the latest developments around the Ayrshire Growth Deal with local council leaders. Read more Spaceport Innovation Minister Ivan McKee welcomed the news that the firm behind Sutherland spaceport is to open a new base in Forres, creating up to 130 new jobs. Read more...

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  • This week: 01/2/19

    1st February 2019 by

    Stage 1 budget debate Yesterday’s debate at parliament saw stage one of the budget passed with health services, the economy and public services benefiting from more than £2 billion of additional spend. As he confirmed an agreement had been reached that will see the Scottish Budget passed at all stages by the Scottish Parliament, Finance...

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  • This week: 25/01

    25th January 2019 by

    Labour Market Statistics Labour Market Statistics, published by ONS, show that: 2,641,000 people are now in work in Scotland Unemployment in Scotland fell to 3.6%, the lowest rate on record Scotland’s female employment rate is 71.5%, higher than the UK rate of 71.2% Scotland’s youth employment rate is 60.7%, higher than the UK rate of...

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  • Scotland and Poland: European partners

    23rd January 2019 by

    Despite the uncertainty over Brexit, Scotland remains open for business and the EU remains our single largest market for international exports. During a recent trade show in Germany, an emerging consortia of Polish Energy majors and trade bodies expressed an interest in learning more about Scottish experience and expertise in planning, developing, and managing major...

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  • Unemployment below 100,000 for the first time on record

    22nd January 2019 by

    This month’s labour market statistics, released by the ONS for September to November 2018, show unemployment fell below 100,000 in Scotland for the first time on record. Business Minister Jamie Hepburn said: “Despite the huge and continued challenges of Brexit, the Scottish economy remains resilient and our jobs market is strengthening.    “Scotland’s unemployment rate reached...

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  • This week: 18/01

    18th January 2019 by

    Finance Secretary Derek Mackay announced that West Lothian is to get 3,450 new homes as part of the Winchburgh development – one of the UK’s biggest housing-linked infrastructure projects. Read more     Trade, Investment and Innovation Minister Ivan McKee met with inspiring participants of the CBI Leadership Programme at Bute House, discussing Scottish Government...

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  • A Fairer Economy: Enabling Scotland’s skills for the future

    18th January 2019 by

    Delivering a fairer, prosperous economy is a priority for the Scottish Government. And I know that it is a priority for businesses too. To achieve this, we want a fairer labour market and to continue to enhance the skills of our workforce. This year will see us bringing forward a range of measures designed to...

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