GERS economic figures expected
Tax and spend figures set to be published amid fears over Brexit impact on economy
The Scottish Government is set to publish its economic figures this morning amid fears the uncertainty of Brexit is having an impact on the economy.
The Government Expenditure and Revenue Scotland (Gers) report estimates tax and spend figures for the last financial year as if Scotland's economy is distinctive from the UK's.
The figures are often used in arguments for or against Scottish independence
In the 2014 White paper on independence the report was described as the "authoritative publication on Scotland's public finances".
Last year's figures were sobering for the Scottish Government, showing Scotland’s public spending deficit had remained the equivalent of three times the UK rate.
The gap is largely because spending per head on public services like health and education in Scotland is £1,400 higher than the rest of the UK, while the tax taken per person is slightly lower when oil revenue is taken into account.
New figures from HMRC show that the Scottish Government raised almost £1bn less than expected in the first year of newly devolved tax powers
ONS data shows 7,000 Scots have gained employment since February this year
Paul Wheelhouse said: “This fund will support innovation in the supply chain, further cost reduction and improve the recognised skills of the Scottish workforce, which is why it has proved so...
The report said without raising taxes or borrowing more, the scale or scope of public services will need to shrink
Vodafone today announced the commencement of trials of the world’s first air traffic control drone tracking and safety technology.