“Scotland is one of the world’s most important games development clusters. It’s home to world leading and successful studios, including Rockstar, as well as over 2,300 creative staff in 162 studios. ” Dr Richard Wilson OBE, TIGA CEO
According to the latest UK Government statistics the rate of inflation has gone down – the first such decrease since August of 2022. But as everyone is experiencing, the price of your weekly food shop continues to increase. What is going on ?
Economic inactivity refers to people of working age (16 – 64) who are not in employment, who have not been seeking work within the last 4 weeks and/or are unable to start work within the next 2 weeks.
“Money spent locally is more likely to stay in the local economy and support local jobs.” Tom Arthur, Scottish Government Minister for Public Finance, Planning and Community Wealth
Freeports are able to attract outside investment by offering lucrative deals which other areas cannot do. It means the Freeports have a significant weakening effect on areas not within their sphere. Around the world Freeports are known for being tax havens, for laundering money and for ignoring workers rights.
On Wednesday 28th of September Orkney Islands Council will be hosting a visit by UK Tory Government Minister Nadhim Zahawi. In 2020 UK PM Boris Johnson visited the islands
“The British pound fell around 3% to below $1.1 on Friday, a fresh low since 1985, after the government announced several tax cuts, in an attempt to boost economic growth. ” Trading Economics
Nicola Sturgeon, First Minister of Scotland has called for an emergency meeting with the UK Prime Minister and the heads of the Welsh and Northern Ireland governments.
“The UK Government’s approach continues to undermine devolution, to renege on promises made ahead of the EU referendum and puts at risk Scotland’s economic interests and needs.” Ivan McKee Trade Minister, Scottish Government
“It is not just about what the shocks are; it is essentially about what effect they are going to have” Andrew Bailey, Governor Bank of England