Latest Understanding Scotland: Economy - November 2022
Latest research insights from the David Hume Institute and the Diffley Partnership on economic attitudes and behaviours has revealed widespread pessimism about Scotland’s economic outlook.
The Understanding Scotland: economy survey shows that households’ are continuing to cut their spending and go without necessities, despite many attempting to boost their income in different ways.
Intentions to cut spending have increased for every good and service listed in the survey since Understanding Scotland began, posing a big challenge for the Scottish economy.
The public mood on the economy has moved dramatically in the last 12 months. Just 1 in 10 Scots think the economy works primarily in their own interests, whilst 8 in 10 think it works primarily in the interests of the wealthy.
As we enter into economic recession and the UK faces its biggest drop in living standards on record, understanding people’s perceptions and behaviours is essential for all decision-makers.
Read more:
Press release - Scots continue to cut spending.
Read Shona McCarthy’s blog - The lifeblood of our economy is in peril.
Watch the launch event recording here.
