Understanding Business – June 2024

by mhairimcfarlane

In the fifth edition of Understanding Business, we present a comprehensive analysis of the economic landscape in Scotland and its impacts on businesses. The report examines key factors such as profitability, turnover, workforce stability and overall economic sentiment.

Our report provides insight into current sentiment around matters like inflation, workforce challenges and views on policy levers. Key performance indicators such as profits and recruitment dynamics are also evaluated.
With a general election underway, an array of perspectives emerging on priorities served to influence strategic planning by policymakers, Scottish businesses and stakeholders.

In this report, we also capture perspectives on devolved powers and their impact on business conditions across different regions in Scotland. Views on their effectiveness and Metro Mayors for promoting economic growth emerge on where additional powers could support concerns such as investment and taxation.

You can read the full report here.