Scotland Office
The latest Scottish GDP stats are published this morningherefor the month of June andherefor Q2 of 2024.
Scottish Secretary Ian Murray said:
Scotland is critical in the UK Governments mission for economic growth, as the Chancellor underlines today in Glasgow where shell meet with key members of the business community to turbocharge Scotlands regeneration.
Rebuilding is at the root of everything we do but the 22billion black hole in spending left by the previous government - the worst economic inheritance of any incoming government since the Second World War - means that tough decisions are ahead to achieve stability.
We are making work pay, ensuring the national minimum wage is a true living wage. And with the end of exploitative zero-hours contracts, workers will have increased job security. Backed by 8.3bn of UK Government investment, Scottish-based GB Energy will bring jobs and opportunity for all parts of the UK and trade talks have resumed globally to forge stronger links with our international business partners.
Background
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Scotlands onshore GDP is estimated to have fallen by 0.3% in June. This followsgrowth of 0.2% in May.
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In the three months to June (Quarter 2), GDP is estimated to have grown by 0.6% compared to the previous three month period (Quarter 1). This is a slight increase on the Quarter 1 growth r