State of the Nation: Brexit & COVID-19 reshaping work & trade
SCDI’s latest State of the Nation briefing for May – which brings together all the latest data and forecasts for the Scottish economy in one place – highlights how the end of the UK’s transition period with the EU and the COVID-19 crisis are reshaping working patterns and trade flows.
Optimism was growing for a strong recovery this summer ahead of the re-opening of retail, tourism and hospitality on 26 April. But there are also concerns about the ongoing damage to exports as well as potential surges in inflation and unemployment.
- Nearly 2.6 million people (74.6%) are in work in Scotland, while 120,000 people (4.4%) are jobless
- Home working varies significantly by rurality and deprivation – from 43.1% in Edinburgh to 23.4% in Glasgow and 10.3% in South Ayrshire
- UK exports to the EU of food and live animals third lower in early 2021 than early 2020
- Sales of non-food items in Scotland almost half of 2019’s levels
- £180bn in additional savings have been built up by UK households during the pandemic
- Interest rates held at 0.1%, a record low
Download the briefing below for more information and analysis.
Our briefing is published in partnership with DailyBusiness.