Inflation wipes out wage growth
Regular pay is down 0.8% in real terms.
UK economy contracted by 0.2% in December 2021
GDP equal to its pre-pandemic level.
1 in 5 Scottish firms fear rising payroll costs
Scottish accountants cite concerns over clients’ futures.
Business confidence tumbled in late 2021
Confidence lowest in accommodation and food services.
Base rate of interest rises again to 0.5%
Interest rates rise for the second time in three months.