News & Events

News & Events

  • Improved outlook for Scotland’s economy but long-term prospects remain subdued

    The economic outlook for Scotland in 2018 and 2019 has improved, according to the Scottish Fiscal Commission’s official economic forecasts, published today. The Commission forecasts economic growth of 1.4 percent in 2018 and 1.2 percent in 2019, reflecting stronger recent economic performance, a more positive prospect for earnings over the next few years and the…

  • New Commissioners appointed to the Scottish Fiscal Commission

    9 October 2018 The Cabinet Secretary for Finance, Economy and Fair Work, Mr MacKay, today announced the appointment of Professor David Ulph and Professor Francis Breedon as Members of the Scottish Fiscal Commission. Dame Susan Rice, chair of the Scottish Fiscal Commission said: ‘David Ulph and Francis Breedon are both notable economists whose strengths complement…

  • Expenditure forecast on first part of Scotland’s new Best Start Grant

    The first of three benefits to be offered to parents under Scotland’s new Best Start Grant will cost £5.6 million in 2019-20, says the Scottish Fiscal Commission. This is an increase of £3.1 million over the forecast expenditure on the UK benefit it replaces – the Sure Start Maternity Grant.  The Commission estimates that 13,000…

  • Subdued economic trends unchanged by GDP revisions says Commission

    he Scottish Fiscal Commission today published an evaluation of its recent forecasts, together with two new papers on forecasting Scotland’s VAT assignment and on the data it requires to carry out its work. The evaluation report showed the Commission’s 2017-18 economic forecast was affected by the Scottish Government’s data revisions published last month. While this…

  • Slow wage growth dampens Scottish income tax forecasts

    The Scottish Fiscal Commission has published its latest report ‘Scotland’s Economic and Fiscal Forecasts – May 2018’, which shows that the outlook for the Scottish economy remains subdued over the next five years. GDP growth is expected to remain below 1.0 per cent a year over the forecast period, reaching 0.9 per cent in 2023.…

  • Next Commission forecast to be published on 31 May 2018

    21 March 2018  The Scottish Fiscal Commission will publish produce their next edition of Scotland’s Economic and Fiscal Forecasts on Thursday 31 May 2018. This will include updated economic and fiscal forecasts up to 2023-24.  These forecasts are being produced to inform the Scottish Government’s Medium Term Financial Strategy, in line with the recommendations of…