Scot­land avoided re­ces­sion – by trad­ing with rest of the UK

Scottish Daily Mail - - TERROR ON THE TUBE -

DE­MAND for Scot­tish goods in the rest of the UK helped the na­tion nar­rowly avoid go­ing back into re­ces­sion this sum­mer.

Scot­land’s economy grew by 0.8 per cent in the three months to July. How­ever, a re­port yes­ter­day by the Fraser of Al­lan­der In­sti­tute shows that 0.6 per cent of the growth was con­trib­uted by ex­port­ing prod­ucts and ser­vices to the rest of the UK.

Ex­perts at Strath­clyde Univer­sity, in Glas­gow, said the fig­ures ‘of­fer a sur­pris­ing in­sight into what ac­tu­ally drove the strong re­sults’ which helped Ni­cola Stur­geon and her min­is­ters avoid an eco­nomic cri­sis.

The UK Gov­ern­ment said the fig­ures showed the need for a ‘UK-wide frame­work’ fol­low­ing Brexit to avoid trade ‘bar­ri­ers’. A spokesman said the UK mar­ket was ‘vi­tally im­por­tant for busi­nesses in Scot­land’.

Scot­tish Con­ser­va­tive fi­nance spokesman Murdo Fraser said: ‘It seems the SNP’s face was saved by the very mar­ket it doesn’t care about.’

Prod­ucts which saw the high­est lev­els of growth in­cluded oil, metal, ma­chin­ery and man­u­fac­tur­ing.

Last night, the Scot­tish Gov­ern­ment slammed Con­ser­va­tive min­is­ters for their ‘dis­as­trous Brexit plans’, which they claim are putting the economy at risk.

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