dgp4indy

Economics/Finance

Can You Hear The Pound Drop?

There’s a myth that a cheaper pound has a sunny upside because it makes UK exports cheaper and so boosts sales. Reality is a bit more complicated. For starters, UK companies, property and assets are now cheap so expect foreign equity and hedge funds to start hoovering up. If you are a Chinese bank wanting a foothold in the UK high street, RBS is now an even more attractive acquisition. Scotland’s high-tech firms are also prime targets.
https://bellacaledonia.org.uk/2018/08/10/can-you-hear-the-pound-drop/

Escaping Corrupt London Finance

"It's not just that the UK has absolutely no will to properly reform the finance sector (which remains one of the biggest risks to our economy), it's that the rest of the economy has become so weak that the UK is totally reliant on this fake finance bubble. So it has to keep the bubble going forever which means finance can't be reformed..... So there really is only one way out of this. Either we limp along in this crippled UK economy and keep begging corrupt banks to make it look better than it is through fiddles and scams – or we vote for Scottish independence and build something better."
https://www.commonspace.scot/articles/13105/robin-mcalpine-escaping-corrupt-london-finance-one-biggest-opportunities-independence

89% Of Scottish Firms Increase Or Maintain Investment

A survey produced by the Scottish Chambers network and the Fraser of Allander Institute, suggests further evidence of confidence in the Scottish economy. The key points were:

  • Only 15% of firms across the sample reported declining optimism, suggesting resilient business confidence.
  • 48% of firms reporting increased overall revenue, with only 18% reporting a decrease.
  • 89% of firms have increased or maintained levels of investment relative to the previous quarter.
  • Recruitment difficulties rising across sectors, in addition to the proportion of businesses seeking to increase wages.

https://thoughtcontrolscotland.com/2018/07/19/89-of-scottish-firms-increase-or-maintain-investment/

Overseas Tourism Worth £2.3 Billion To Scottish Economy

2017 was a record year for tourism in Scotland with visitors from overseas contributing £2.3billion to the economy. Scotland’s beautiful landscapes, its history and visitor services all combine to add value to this important sector of the economy. The Outlander effect was also thought to have encouraged visits. The fall in the £ against the Euro also enabled a trip to Scotland more affordable to those from Europe with 1.9million taking up that opportunity.
https://theorkneynews.scot/2018/07/21/overseas-tourism-worth-2-3billion-to-scotlands-economy/

Scotland's Trend Of High Employment

"‘The latest data reinforce the recent trends of high employment and low unemployment in the Scottish economy. While recent increases in unemployment, up by 0.5%-points over the past year, provides a note of caution, it is important to remember that unemployment remains, by historical standards, at a low rate. Similarly, an employment rate of 75.5% represents a near record level of employment in Scotland."
https://thoughtcontrolscotland.com/2018/07/17/scotlands-trends-of-high-employment-and-low-unemployment-persist-but-our-media-prefer-to-headline-only-a-wee-bit-of-bad-news/