- The totals represent the number of new firms opening accounts with
Bank of Scotland, Clydesdale Bank, TSB Bank and The Royal Bank of Scotland.
- The number of start ups fell by 5.3 per cent, 169, from 3,159 in the second quarter on this year.
- The rise in start ups compared with last year was driven by strong growth in the number of new construction firms, to 378 from 287.
- This suggests people are being encouraged to start firms by the strength of the recovery in the construction sector and the housing market from the downturn that followed the financial crisis of 2008.
- Sole trader start up numbers have increased during periods when people have found it harder to get jobs.
‘Amber warning light’ on economy (From Herald Scotland)
- SCOTTISH Chambers of Commerce has declared that its latest economic survey, which shows much weaker manufacturing growth and declining confidence among services firms, is an “amber warning light” for the UK and Scottish Governments.
- The survey shows the first fall in optimism in the Scottish financial and business services sector for a year.
- Scottish Chambers’ survey, conducted by Strathclyde University’s Fraser of Allander Institute, flags a sharp slowdown in investment growth in the manufacturing sector north of the Border.
- The survey signals that year-on-year growth in sales revenue in the Scottish tourism sector accelerated between the second and third quarters.
- And it signals a fall in capital investment in the financial and business services sector.