Scotland's economy shrunk for the fourth successive quarter figures revealed today.
But the decline - 0.8% - is smaller than in the last two quarters, according to today's official figures for gross domestic product.
The latest figure, covering the period from April to June, is however, slightly worse than the UK decline of 0.6% for the same period.
On today's statistics, the economy shrunk by 3.2% over the year, the same as the UK.
Finance Secretary John Swinney said: "While Scotland continues to have higher employment and economic activity rates than the UK as a whole, today's figures confirm that there is no room for complacency."
The comments from the opposition parties weren't too negative and it would appear the Scottish government has a good grasp of the situation.
Source: Herald
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6 comments:
What people fail to realise is Jimmy Brown's policy is to hold back the debt tsunami until after the Election. We face terrible consequences, yet to be revealed, as to how up sh*t creek we are.
Quick, call me an analyst - I agree with Oldrightie! Yeah, we're fucked. All Swinney is talking about is random fluctuations about the mean. Scotland (for the moment) is marginally less fucked than the rest of the UK. Our deck of the Titanic isn't under quite so much water. Does that mean we won't drown?
Any difference between Scotland and the rest of Ukania is chance, and chance alone. We all run the same Ponzi scheme, and we're all going to have to tear up the same betting slips.
You're right, sr, in implying that at times like this it's safer being governed by the SNP than a crowd of City rentboys (aka Labour, Tory, whatever) - but I'm not seeing any signs of alarm that we're under water. How can we all be drowning, and I'm the only one scared (well, me and Oldrightie)?
I don't think many folks realise that OR, but some of us do. That's why we're so angry, or one of the reasons.
Oh Vronsky, I'm sure you're in the same boat as OR but sitting opposite each other.
No there are no signs Vronsky, but there will be a week after the GE once the brown (excuse the pun) envelopes stop and Cameron is left flaying around.
I'm scared too so that makes three of us.
subrosa
My employers are shutting down their final salary scheme and transferring everybody to defined contribution.(nice of them)
And what with my private pension going the way of Icelands Banks
bleak old age ahead.
average return for £100000 annuity £7000 per annum
inflation linked £100000 £4000 per annum
Those who smoke and drink in poor health get a lot more(they die quicker)
still i am sure Cameron will sort it all out to everyone's satisfaction
I can sympathise Niko because my private pension has been hit very hard too.
You started smoking and drinking yet?
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