Scotland's Economy

  • Response to latest trade statistics

    7th July 2021 by

    The latest HMRC Regional Trade Statistics further demonstrate the combined impact of COVID-19 and Brexit on Scotland’s trade. However, I am pleased to see that while exports from Scotland’s onshore economy are down 5% over the past year, this compares favourably with a reduction across the rest of the UK of 14%, demonstrating the work done…

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  • This week: GERS, Denmark and equal employment opportunities

    23rd August 2019 by

    GERS Scotland’s notional deficit is falling faster than the UK’s, with onshore revenues increasing by 5.1% to reach £61.3 billion in 2018-19 as a result of continued economic growth. According to the Government Expenditure and Revenue Scotland (GERS) figures published on 21 June, Scotland benefitted from a £3 billion increase in onshore revenues in the last…

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  • Strong and inclusive labour market

    13th August 2019 by

    Commenting on the latest ONS labour market statistics update, which cover April 2019 to June 2019, Business Minister Jamie Hepburn said: “These latest results show that Scotland is seeing the benefits of our Labour Market Strategy – driving inclusive and sustainable economic growth through delivering fair and good quality work across our society. “Scotland’s employment…

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  • Year three for Flexible Workforce Development Fund

    17th July 2019 by

    As a Government we are working hard to ensure our economy, employers and employees are fit and ready to respond to the changing needs of business and emerging economic demands. We are committed to creating a more successful country and opportunities for people living in Scotland whilst creating sustainable and inclusive growth.  I am delighted…

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  • This week: 12/07/19

    12th July 2019 by

    Regional Selective Assistance Business Minister Jamie Hepburn announced a £152,000 Regional Selective Assistance grant for Victor Pizza, creating 15.5 full time jobs and safeguarding 7 jobs over the next 3 years. He said: “I am pleased this £152,000 Scottish Enterprise grant will help create 15 full time jobs and safeguard seven jobs over the next…

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  • This week: 17/5/19

    17th May 2019 by

    Labour Market Statistics This month’s labour market statistics update, released by the ONS for January 2019 to March 2019, showed that the Scottish economy and jobs market continues to strengthen. The update showed: 2,682,000 people are now in work in Scotland Unemployment in Scotland fell to 3.2%, the lowest rate on record Scotland’s female employment…

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  • This week: 29/3/19

    29th March 2019 by

    Research and Development statistics Record amounts are being spent on research and development, according to the latest Scottish Government statistics. Gross Expenditure on Research and Development (GERD) in 2017, one of the key measures of innovation, saw around £2.5 billion spent, predominately by businesses and higher education institutions. Read more about Research and Development spend…

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