Business confidence in Scotland rises to become highest in UK

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SINCE John Swinney became First Minister business confidence in Scotland has risen to become joint highest in the UK, according to a monthly poll.

The regular business barometer from the Bank of Scotland found that optimism about the business sector in Scotland had increased by 15 percentage points in May.

Confidence in trading also saw an increase of 16 percentage points to 60% and more firms said they intended to hire additional staff within the next 12 months.It comes after Swinney and Deputy First Minister Kate Forbes made clear their commitment to boosting economic growth in Scotland. “For me, and for my Government, eradicating child poverty and boosting economic growth, go hand in hand.

Martyn Kendrick, from the Bank of Scotland, said: “Along with longer nights and warmer days, summer is ushering in a new wave of confidence among Scottish businesses.”We know there are thousands of National readers who want to debate, argue and go back and forth in the comments section of our stories. We’ve got the most informed readers in Scotland, asking each other the big questions about the future of our country.

 

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