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Business Economy Fact Sheet

Structure:
The distribution of powers between Westminster and Holyrood can mean that it is difficult to state which government, and which set of policies, is responsible for a change in economic output.  The following table sets out where certain powers, relating to business and the economy rest:

Scottish Parliament Westminster
Business rates Corporation tax
Education Minimum wage
Many aspects of transport Employment
Infrastructure Welfare
Economic development Trade and industry
Tourism Immigration


Key Statistics:

  Latest year Change on last year Change on 2006/7
GDP (2012=100) 104.6 (2014) +2.2 (2013) +3.5 (2006)
Unemployment (16-64)[1] 6% (Nov-Jan 2015) -1.1 (Nov-Jan 2014) +1 (Nov – Jan 2014)
Number of enterprises[2] 350,015 (2014) -8,090 (2013) +64,765 (2006)
Exports, inc rUK (£m)[3] 74,055 (2013) +3,065 (2012) +19,500 (2006)
Revenue from NDR (£m)[4] 1,927 (2013/14) -54 (2012/13) +94 (2006/7)
Revenue from corporation tax (£m)[5] 2,817 (2013/14) -55 (2012/13) -2,002(2006/7)


Reform Scotland reports:
Improving Scotland’s Business Environment, 2015
Pay-as-you-drive: the road to a better future, 2013
Local Taxes, 2012
Planning Power, 2011
Scotland’s Economic Future, 2011
Fiscal Powers: 2nd edition, 2009
Fiscal Powers, 2008
Local Power, 2008
Powers for Growth, 2008


Further reading:
Government Expenditure and Revenue Scotland 
ONS Regional Statistics
Scottish Government’s Economic Strategy 
UK Government’s long-term economic plan


[1]
Regional Labour Market, ONS, 18 March 2015
[2] Scottish Government, ‘Businesses in Scotland’, November 2014
[3] Scottish Government, ‘Scotland’s Global Connections Survey 2013: Estimating Exports from Scotland’ 26th January 2015
[4] GERS
[5] GERS