GDP

Analysis ‘On a knife edge’ - can Britain’s economy avoid a recession?

We need to make sure people across Scotland have the digital skills for the future (Picture: stock.adobe.com)

Generative AI alone can’t transform the Scottish economy

Councils now have the power to tax overnight stays (Picture: Lisa Ferguson)

A tourism levy isn’t the way to go, and here’s why - Ben Spier

First Minister John Swinney 'worried' about the future of the economy

Chancellor Rachel Reeves

Scottish job loss warning as economy 'headed for worst of all worlds'

The Chancellor of the Exchequer Rachel Reeves speaks to the media about the Office for National Statistics GDP stats for October during a visit to the Darwen Banking Hub in Darwen, Lancashire.

Experts react to UK’s economic contraction - what’s next for growth?

The Indo’s Rise: A New Era of Business and Innovation in Scotland

The Indo’s Rise: A new era of business and innovation in Scotland

With Scotland facing a challenging economic and fiscal situation, the CBI’s annual Scottish Budget submission sets out how the government can give business the certainty and confidence needed to accelerate investment and supercharge growth.

Why CBI is demanding Scottish Government end 'uncompetitive' taxes

The baby boxes given to Scotland's new mothers contain a mattress, fitted sheet and blanket, clothes from newborn up to the age of 6 months, a bath towel, a travel changing mat, muslin cloth squares and a bib (Picture: Scottish Government/PA)

Readers' Letters: Taxpayer-funded baby boxes should not be universal benefit

Analysis How did Rachel Reeves do with the UK Budget? The simple answer is not very well

Chancellor Rachel Reeves leaves 11 Downing Street with her ministerial red box before delivering her Budget

Persnuffle: How Reeves has 'fiddled figures' to find an extra £50bn

A general view of the Festival crowds on Edinburgh's Royal Mile. Independent economic analysis suggests that tax-free shopping for tourists stimulates economic growth.

'Spectacular own goal' - Business bosses demand key tax break comeback

The figures are taken from the latest Amazon Economic Impact Hub, which details the investments made by Amazon across the UK since 2010.

New report reveals Amazon’s £3.5 billion investment in Scotland

Bank of England policymakers face a delicate balancing act when it comes to future interest rate decisions.

Why Britain’s return to growth could put interest rate cut on hold

Lord Mandelson will deliver the speech in Edinburgh on Thursday

New Labour boss issues 'doom loop' message as £25bn tax rises 'needed'

A more varied diet would help the world’s economy as well as its health Shonil Bhagwat and Emmanuel Junior Zuza

Analysis The worrying picture for SNP painted deep in the Gers figures

Finance secretary Shona Robison. Picture: Andrew Cowan - Pool/Getty Images

Scots told to brace for 'tough decisions' amid public spending squeeze

First Minister John Swinney and finance secretary Shona Robison. Picture: Lisa Ferguson/National World

Scotland's deficit rises to £22.7bn amid drop in North Sea revenue

EY said growth was likely to come from consumer-facing sectors, especially accommodation and food, largely driven by tourism.

Scotland's 'anaemic' growth lags behind UK - towns and cities could be saviour

GERS figures are due to be published tomorrow, showing the state of Scotland’s public finances. Image: Dominic Lipinski/Press Association.

Explainer What are GERS and what do they tell us about Scotland's finances?

Begbies Traynor says that after challenges including Brexit and Covid, the future is 'far from certain' (file image). Picture: Getty Images/iStockphoto.

How the troubled backdrop has pushed more Scottish firms to edge of collapse

Analysis UK economy growing twice as fast as expected: what this means for your finances

Prime Minister Sir Keir Starmer (left) meeting President of Ukraine Volodymyr Zelensky, for a bilateral meeting at a hotel in Washington DC, US, ahead of the Nato summit.

How Scottish industry is hoping for boost to defence spending from Starmer

Luxembourg is the richest country in the world.

The richest countries in the world for 2024 based on GDP per capita

David J Alexander is CEO of DJ Alexander Scotland Ltd (Picture: Laurence Winram)

Housing has barely come up in the election campaign - David Alexander

The UK economy suffered two consecutive quarters of decline in the latter half of 2023 - leading to a technical recession.

Recession rebound: UK economy growing more strongly than first thought

Labour and Tories are campaigning on wishful thinking and avoiding hard reality John McLaren

Top UK tourist destinations with more empty homes than holiday lets (notable local tourist destinations in brackets).

'Stop demonising' plea as figures show empty homes outnumbering holiday lets

Phil Harris is Director, Private Wealth and Tax, Shepherd and Wedderburn.

Cause for cautious optimism as property sector takes stock - Phil Harris

Naked Kimchi & Co

Royal Bank of Scotland supports grassroots of business at Royal Highland Show

Preparations for the Royal Highland Show opening to visitors. Picture: John Devlin.

'Signs of economic clouds parting as Royal Highland Show 2024 gets ready'

Rose Marley is CEO of Co-Operatives UK

The benefits of mutual admiration for businesses - Rose Marley and Andrew Whyte

Labour Party leader Sir Keir Starmer launches his party's manifesto at Co-op HQ in Manchester.

The 10 key points from Labour's manifesto for Scotland and the UK

The EY Item Club says it thinks rising real household incomes and consumer confidence will be the key drivers of stronger economic growth in 2024 and into 2025 (file image). Picture: Jeff J Mitchell/Getty Images.

How your spending power could gain momentum as economy stabilises

Sir Keir Starmer has made a Labour commitment around building four new nuclear submarines. Picture: Jane Barlow/PA Wire

What Sir Keir Starmer has said about Labour's nuclear deterrent policy

Perth-headquartered FTSE-100 company SSE is one the world's largest investors in onshore and offshore wind power.

How energy giant SSE is powering UK’s green future and supporting 50,000 jobs

Many businesses have failed to survive the tough economic conditions of the past few years which resulted in the UK entering a technical recession during the latter part of 2023.

GDP: UK’s exit from recession a 'hollow victory' amid interest rates concern

'We need the help of government to attract talent, secure investment, and overcome regulatory obstacles,' says the SFE boss. Picture: Graham Flack.

How Scotland's finance sector can help John Swinney drive economic growth

A decline in North Sea oil activity is among the key challenges to the long-term growth outlook flagged in KPMG’s first ever Scottish Economic Outlook report.

Scotland set for economic recovery but several risks remain - KPMG study

Taxes are at a record high. Here's why they need to go up even further John McLaren

The latest GDP data throws up some differences between the Scottish and UK economies.

Scottish economy shrinks by 0.3% in February as UK grows by 0.1%
Ironing out volatility, GDP in Scotland is estimated to have grown by 0.4 per cent in the three months to February.

Scottish Secretary Alister Jack welcome the increase in defence spending.

Scotland to play 'growing role in Britain's defence', Alister Jack says

Areas of the economy that are dependent on discretionary spending still look 'kind of soggy', analysts have warned.

UK economy remains in fragile state despite retreating further from recession

Politicians and employers need greater ambition over ending gender inequality Kirstene Hair

Number 10 hopes new funding will create more than 8,000 career opportunities to help the sector fill 40,000 new roles by the end of the decade.

Rishi Sunak declares ‘critical national endeavour’ to boost nuclear industry

Last month, it emerged that Britain’s economy was in a technical recession after two consecutive quarters of GDP contraction.

UK GDP: Has the economy exited recession and when will interest rates fall?

Chancellor Jeremy Hunt must strike the right balance on taxation and the UK's national debt (Picture: Dan Kitwood/Getty Images)

Cutting the national debt is a pressing national priority

Navalny's death reminds us that Scotland must be grown up on defence Stewart McDonald

For the sake of the party, Rishi Sunak must not delay in calling for an election John McLellan

Analysis Short and shallow: Why we shouldn't panic over news of another UK recession

Chancellor of the Exchequer Jeremy Hunt outside No.11 Downing Street. Picture: PA

Hunt branded 'out of touch' over inflation claims as UK enters recession

North Sea green energy jobs boom at risk from backsliding politicians Paul de Leeuw

HMS Diamond, a Royal Navy warship that recently shot down a suspected attack drone in the Red Sea. Picture: Phot Belinda Alker/MoD/Crown copyright/PA

SNP condemn ‘short-term commitments’ from MOD

Jeremy Hunt must resist tax-cut calls from Tories' 'Liz Truss wing' Scotsman comment

David Bond, ICAEW director, Scotland.

Scottish business confidence falls below UK average and historical norm

The Scotsman Top Stories

Scotland has failed to meet its latest target for reductions in greenhouse gas emissions, the latest official figures show. Picture: John Giles/PA Wire

Fail: Scotland misses climate target

Pro-independence protesters with Scottish Saltire flags (top) march for Scottish independence. Picture: Andy Buchanan/AFP via Getty Images

Yousaf: Growing popular support for Yes the only way to Scottish independence

Nadine Dorries. Picture: Dan Kitwood/Getty Images

SNP MP cleared of bullying Nadine Dorries