Scotland is close to the UK in terms of manufacturing, research has found

Scotland is about to reverse its UK stance on many indicators followed by the annual harvest index, highlighting the growing difficulties in boosting the country’s economy.

A Scottish guide developed by the CBI, co-workers, and KPMG consulting firm, also noted a decrease in business revenue and a growing number of companies developing innovations, as well as the absence of disease in the workplace and the speed of the internet.

Scotland was behind the UK population in nine of the 13 production indicators in which matching data was available, it found.

“While the latest developments show that we are doing well in some areas, our continued presence in the domestic and international businesses underscores the need for urgent reform,” said Tracy Black, director of CBI Scotland.

The Scottish Fiscal Commission, an independent watchdog, warned this month that even if the recurrence of the coronavirus decline continues there is evidence that the Scottish economy is deteriorating in the UK.

The committee noted in particular the decline in oil and gas operations in the North Sea and the decline in the labor market caused by aging.

“We expect the gradual growth of wages and employment in Scotland over the next few years,” it said. he said. “This is a very important factor in Scottish taxation and budgeting.”

The UK’s exit from the EU is expected to exacerbate the problems of the Scottish people by making it more difficult to attract refugees from continental Europe, and increasing the need to find more productive means.

Fraser of the Allander Institute, an economist at the University of Strathclyde and a fellow economist, this month highlighted concerns that the “long-term Covid” could significantly affect the health and productivity of Scottish workers.

“The long-term scars of the plague make coping with such problems as making them more difficult,” the agency said. he said.

The CBI / KPMG series, launched in 2019, looks at how Scotland is performing at the 15th level in terms of business practices, skills and education, health and wellness as well as infrastructure and connectivity.

It found that business revenue as part of Scottish household sales fell 1.2 percent in 2020 to 7.4 percent, below the long-term average. The number of “professional” businesses has dropped to 32 percent in 2016-18 compared to 45 percent in 2014-16, it said.

The average Scottish Internet speed at 1.1 Mbps was below the UK average, it said.

The Scottish government said so budget published this month outlines many of the findings of the harvest report, including the amount of tuition fees and the new Scottish National Investment Bank to establish sustainable businesses.

“In addition, we will soon publish a 10-year global plan for economic transformation,” the government said.

Daniel Johnson, a financial spokesman for the opposition Scottish Labor party, said the report shows the damage the Scottish party government took control in 2007.

“The years of economic misery have left us behind, which has led us back to the epidemic as a major war,” Johnson said.