In the final edition of the Understanding Scotland Economy Tracker for 2024, Scotland’s economic outlook is more pessimistic than it has been in recent months. Messaging from the Prime Minister, that things will get worse before they get better, has clearly resonated with the public. This has likely amplified existing concerns, contributing to a notable shift in how Scots view their economic prospects. There has been a marked increase in the number of people who believe economic conditions will worsen in the coming year, indicating that the recent UK Budget has not driven renewed confidence among the public.
Scots also report the impact of money matters on their work life, home life and health as three in ten report losing sleep over money and one in three report impacts on their mental health.
Understanding Scotland Economy Tracker is produced in partnership with the David Hume Institute.