It’s been some time since I reported good news for the economy but, in the wake of the LSE report suggesting optimism for the Scottish economy after independence:
This more immediate evidence from KPMG is encouraging. In Insider today:
As the anniversary of the first Covid-19 lockdown has passed and the rollout of the vaccine programme provides a brighter outlook, it is clear that Scottish businesses have also entered a new phase. Evidence from the Insider/KPMG Business Ambitions 2021 Survey suggests companies have indeed turned a corner in terms of sentiment. The survey evidence showed more than three quarters of respondents either plan to develop new products or expand into new markets in the next 12 months. This suggests that business decision-makers have moved out of ‘resilience’ or ‘just keeping going’ mode and are now focused on the ‘new reality’ and flourishing in the world as it is now. A further finding from the survey is that more than 90% of those that responded either plan to hire more staff in the next year, or at least maintain the same number of employees.