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Economic Trends

Volume 447: debated on Thursday 15 June 2006

To ask the Secretary of State for Scotland if he will make a statement on recent economic trends in Scotland. (75189)

The macroeconomic stability and labour market policies put in place by this Government continue to benefit all of the UK, including Scotland. Scottish employment and economic activity have increased to their highest levels since records began in 1992, unemployment is lower than it has been for a generation and Scottish economic growth in 2005—at 1.8 per cent.—was on trend and equal to that of the UK. All business surveys are reporting a strong performance in the year to date and principal independent economic forecasters predict the Scottish economy will continue to grow at around or above trend in both 2006 and 2007.