Build Scotland Construction Directory
Time and date
CONSTRUCTION DIRECTORY
Share this page
Construction News
22/10/2008

Scottish Economy Weathers Global Uncertainty

New GDP figures show that the Scottish economy continued to grow in the second quarter of 2008, despite uncertainty in the global economy.

Announced by Scotland's Chief Statistician, the figures for April to June 2008 show Scottish GDP increased by 0.1 per cent, and by 1.8 per cent over the year. However, during the same period UK GDP remained at 0.0 per cent.

Commenting on the figures, Finance Secretary John Swinney said: "These figures show that Scotland's economy, during huge global uncertainty earlier this year, was still growing, and at a marginally greater rate than the UK."

-- Advertisement --
NorthernAsbestosServicesLtd

However, he acknowledged: "Growth is clearly slowing, which is concerning and undoubtedly reflects the impact of the global downturn on Scotland's real economy."

"The Scottish Government is doing all it can. Within our fixed budget we have already announced accelerated investment in affordable housing, and the Cabinet have identified a six-point programme to help business and hard pressed households.

"But these figures back our call for a significant programme of reflation from the UK Government to boost the wider economy, as they control the key economic levers that can make a real difference."

Swinney made these comments after the Chief Secretary to the Treasury, Yvette Cooper, rejected Scottish Government calls to be given an extra £1bn to help Scotland in the current economic climate.

(GK/JM)

Latest Construction News

22/11/2024

SP Energy Networks has announced a major investment in Britain's electricity grid, selecting 19 preferred partners to deliver a £5.4bn supply chain programme. This significant initiative aims to meet increasing energy demand and facilitate future growth. The selected companies, many of which are ...
22/11/2024

Edinburgh City Council has launched a 12-week public consultation on a new strategy to revitalise Princes Street and the wider Waverley Valley. The vision aims to create a more vibrant and welcoming city centre, attracting investment, supporting businesses, and enhancing the visitor ...
22/11/2024

Ener-G Services Limited, a leading UK electrical engineering company specialising in renewables, marine, and offshore sectors, has expanded its operations in Westhill, Aberdeenshire. The company has leased Unit 6E at Kingshill Commercial Park, a 2,500 sq ft space, on a 5-year lease. This new ...
22/11/2024

A consortium of leading scientists, industry experts, and academic institutions has joined forces to accelerate Scotland's offshore wind sector. The £2.5 million project, led by the University of Edinburgh in collaboration with the University of Dundee and the Forth and Tay Offshore cluster (FTO), ...
22/11/2024

The Port of Aberdeen and Turner & Townsend were highly commended in the 'Engineering, Construction & Infrastructure Project of the Year' category at the APM Project Management Awards 2024. The award recognises excellence in project management and the positive impact on end-users. The £420 million ...
22/11/2024

South Lanarkshire Council's £10 million fire safety improvement programme has reached a significant milestone, with CCG (Scotland) completing installations in over 1,700 high-rise residences across East Kilbride and Cambuslang. The Glasgow-based construction firm has been working closely with the ...
22/11/2024

SSEN Transmission, a key player in the UK's energy transition, is set to further expand its workforce and move into a new, sustainable office space in Glasgow. The company's commitment to net zero and the increasing demand for green energy workers has led to significant growth, with the number of ...
22/11/2024

Scottish Water is investing in the upgrade of its Loch Eck clean water plant in Dunoon. The project involves replacing outdated dry well pumps with new, more reliable pumps capable of operating in both wet and dry conditions. WGM Engineering, an RSK Group company, has been tasked with carrying out ...
22/11/2024

Scottish Land & Estates has expressed serious concerns over the Scottish Government's Land Reform Bill, particularly the provisions that would allow ministers to force landowners to sell large estates in lots. Sarah-Jane Laing, the organisation's chief executive, stated that while the land-based ...
22/11/2024

Clark Contracts employees have once again shown their commitment to community engagement by volunteering at Silverburn Park in Leven. On Thursday, 21st November, 16 members of the team spent their day planting over 400 trees and carrying out other landscaping tasks. This latest volunteering effort ...
Morris & Spottiswood LtdRBT Underfloor LimitedPerfect View Aerial FilmingBurnside Plant Hire LtdSips Eco Panel Systems LtdM K M Building Supplies LtdAlternative Tying Systems LtdContainexPerthshire Joinery LtdK A Tree Surgery
Terms and Conditions
2024/11/23 08:52:24