Markets Economy

Markets and Economy

Bill Jamieson: Innovating not widget making is the future

The sector accounts for less than an eighth of the economy, but the SMAS conference will showcase the crucial contribution it can make to our prosperity

Business investment appeared to show no impact from Brexit uncertainty. Picture: AFP/Getty Images

Little evidence UK economy hit by Brexit says report

The UK economy continued to grow in the run-up to the Brexit vote, with “very little anecdotal evidence” to suggest it had been hit by uncertainty surrounding the EU referendum.

Politics 71
City traders eye the London market. Picture: Daniel Leal-Olivas/AFP/Getty Images

Friday market close: Yellen speech sees sterling turn volatile

Sterling turned volatile and the London market nudged higher as investors reacted to a much-anticipated speech from the US Federal Reserve.

Markets Economy 4
Nicola Sturgeon will have to come up with more convincing economic arguments if she is to push for a second independence referendum. Picture: Neil Hanna

Leaders: Time to wake up to Scotland’s bottom line

GERS figures offer no reason to believe a second independence referendum would produce anything other than a repeat result

Opinion 110
Nationalist calls for a second independence referendum continue but they look likely to be disappointed. Picture: John Devlin

Bill Jamieson: Scotland’s problems are bigger than Brexit

The latest Gers figures will make Indyref2 an even harder sell for First Minister Nicola Sturgeon, writes Bill Jamieson

Opinion 48
The slide in sterling fuelled stronger overseas demand for manufacturers. Picture: Jeremy Stockton

Manufacturers hit two-year exports high post-Brexit

UK manufacturers’ export orders hit a two-year high in August amid the slump in the value of sterling following the EU membership referendum outcome.

Markets Economy 5
Adam Chester says the fall in sterling should make exports more competitive. Picture: Joel Chant

Adam Chester: Will exporters save the day?

Two months on from the EU referendum, the outlook for the UK economy remains very uncertain.

Markets Economy 3
Scape Group said there was a shortage of skilled workers such as bricklayers. Picture: Christopher Furlong/Getty Images

Construction skills shortage ‘at breaking point’

The skills shortage in construction is “at breaking point”, but simple steps such as introducing apprenticeships could help improve the situation, new research has found.

Markets Economy 20
The pay gap difference may be down to women working fewer hours once they have children. Picture: PA

Gender salary gap widens for 12 years after first child born

Women who have children earn a third less than male counterparts by the time their offspring have started high school, a report has revealed.

The rise in availability of contactless payment cards and the point-of-sales devices to use them has shot up in the last year. Picture: Getty Images/iStockphoto

Contactless card transactions top 2015 in first half of year

A growing number of shoppers are using contactless cards for payments – with the value of contactless transactions this year already topping the level seen in the whole of 2015.

Markets Economy
The weaker pound helped boost spending by overseas visitors. Picture: Lisa Ferguson

Brexit boost for tax-free spending by tourists

A weaker pound in the wake of the Brexit vote has led to a 7 per cent increase in tax-free shopping by tourists last month, according to new figures.

Markets Economy 5
The latest survey of Scottish small and medium sized businesses (SMEs) says that post-Brexit they have concerns over costs, plans and recruitment. Picture: John Devlin

Financial services firms keep nerve after Brexit vote

The immediate impact on financial services firms of the vote by the UK to quit the European Union has been “not as stark as feared” says a new report today.

Markets Economy 3
Astronaut Jeff Williams took this image of a cloudless Scotland last week

Bill Jamieson: In space no one can hear us scream ‘Brexit’

It is, by any standards, one of the most stunning photographs of Scotland ever taken: an almost cloudless Scotland as seen from the International Space Station. A cloudless Scotland! I suspect Scottish government ministers – and the economics gurus at St Andrew’s House – will have demanded reprints for their office walls.

Opinion 5
Japanese firms are keen to invest outside the country. Picture: Kazuhiro Nogi/AFP/Getty Images

US and Asian buyers seek to cash in on weak pound

US and Asian companies are ramping up their interest in British firms as they look to capitalise on sterling’s collapse following the EU referendum.

Markets Economy 7
Retail sales were better than expected in July. Picture: John Devlin

Martin Flanagan: High street sales surprisingly positive

Employment at record highs and consumer spending holding up well. Post-Brexit crisis, what post-Brexit crisis?

Markets Economy 1
Economists said the figures bode well for third-quarter growth prospects. Picture: Phil Wilkinson

Retail concerns ease as sales rebound after June slump

UK retail sales have rebounded from their June slump, providing some assurance that Brexit is not deterring shoppers from splashing out.

Markets Economy 5
Moody's said the weaker pound could provide a short-term boost for exports. Picture: Contributed

Warning over Brexit knock to business investment

Uncertainty surrounding the future of the UK economy outside the European Union will trigger a slowdown in business investment and consumer spending, according to credit ratings agency Moody’s.

Markets Economy 11
The Scottish unemployment rate is now 5.2%. Picture: Jane Barlow

Martin Flanagan: Too early to tell Brexit jobs impact

The latest employment figures are very good, but it is not wildly pessimistic to say there is a feeling of waiting for the second shoe to drop given a large part of the latest data is based on the run-up to Brexit last June, not its possible fallout.

Markets Economy 4
Employment levels grew at the fastest quarterly rate on record. Picture: Ian Georgeson

Record quarterly rise for employment in Scotland

Unemployment in Scotland fell by 26,000 between April and June, with the number of people out of work now at its lowest since 2009.

Markets Economy 13
The weather had more impact on sales than the Brexit vote, experts said. Picture: John Devlin

Retailers’ takings hit by dismal summer weather

Retail sales in Scotland have fallen for the first time in three months, industry figures showed today.

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