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Regional insights

The view from Scotland’s mid-market

Every two months, we ask business leaders across the country to share their expectations and priorities for the future. We want to track how sentiment is changing in the market and get insight on timely issues: from tax to ESG.

Read the latest views from business leaders in Scotland.

What’s changed since August 2021?

  • Business revenue optimism reduces by 12%
  • Optimism on UK economic outlook falls by 9%
  • 82% of mid-market businesses remain optimistic about the impact of Brexit on their business

 

120x120-andrew-howie.pngAndrew Howie, Managing Partner for Grant Thornton UK LLP in Scotland, said:

“Businesses have been on a roller-coaster ride of relief at the release from lockdown and the success of the vaccination programme, while constantly being buffeted by inflationary pressures and supply chain problems. In a just-in-time international economy, any issues with logistics can obviously escalate quickly. This winter is likely to test once again the resilience of business plans and contingency measures”.

Despite an overall drop in optimism on the UK economic outlook of 9% compared to August, businesses in Scotland remain optimistic about the impact of Brexit on their business. 82% of Scottish leaders were optimistic about the Brexit impact in our October tracker compared to a UK average of 70%.

Business leader outlook on the impact of Brexit on business

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