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Scotland's economy grows by 0.3% | Scotland's economy grows by 0.3% |
(about 7 hours later) | |
Scotland's economy grew by 0.3% in the last quarter - half that of the UK as a whole, according to official figures. | Scotland's economy grew by 0.3% in the last quarter - half that of the UK as a whole, according to official figures. |
The GDP figures for July to September are the first time this year that Scottish economic growth has slipped behind the rest of the UK. | The GDP figures for July to September are the first time this year that Scottish economic growth has slipped behind the rest of the UK. |
It means Scotland and the UK as a whole have both recorded total growth of 1.5% over the past year. | |
Scotland's economy grew by 0.4% in the first quarter of 2018, and by 0.5% in the second quarter. | Scotland's economy grew by 0.4% in the first quarter of 2018, and by 0.5% in the second quarter. |
The figures for the UK as a whole in these two quarters were 0.2% and 0.4% respectively. | The figures for the UK as a whole in these two quarters were 0.2% and 0.4% respectively. |
In the latest quarter, output in Scotland's services sector grew by 0.3% and in the construction sector by 2.7%, but the production sector contracted by 0.7%. | In the latest quarter, output in Scotland's services sector grew by 0.3% and in the construction sector by 2.7%, but the production sector contracted by 0.7%. |
Scotland's finance secretary, Derek Mackay, welcomed the fact the country's economy had grown for the fifth consecutive quarter. | Scotland's finance secretary, Derek Mackay, welcomed the fact the country's economy had grown for the fifth consecutive quarter. |
But he again said the "key risk" to Scotland's economy over the next year continues to be the "uncertainty associated with Brexit, and in particular the risk of a 'no-deal' Brexit, which is impacting on business confidence and investment." | But he again said the "key risk" to Scotland's economy over the next year continues to be the "uncertainty associated with Brexit, and in particular the risk of a 'no-deal' Brexit, which is impacting on business confidence and investment." |
The UK government's Scottish secretary, David Mundell, said he concerned that Scotland is now "lagging behind the rest of the UK". | The UK government's Scottish secretary, David Mundell, said he concerned that Scotland is now "lagging behind the rest of the UK". |
He urged the Scottish government to use the "vast powers at its disposal to close this growth gap", and said the prime minister's proposed Brexit deal would "protect jobs and prosperity". | He urged the Scottish government to use the "vast powers at its disposal to close this growth gap", and said the prime minister's proposed Brexit deal would "protect jobs and prosperity". |
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