Scottish Engineering’s Post

Our final scorecard of the year is now live, click below to read our Q4 Quarterly review. Our sector will draw little comfort from this quarters report as across the board, key indices have fallen. This quarter paints a rather bleak picture as the long run of positive optimism our industry has displayed for several years has evaporated, with overall order intake – and especially exports - falling further negative, along with output volume. The four-year run of a positive intent to increase staffing also came to a halt this quarter. Industry has repeatedly stated that for the necessary actions to address the UK’s debt crisis, we can’t shift that burden to employers without that impacting on their employees, and here the recent budget increases for National Insurance, National Living Wage and an absence of broader incentives to build business growth have two impacts. The first is that we place companies in recovery mode as they look for the savings that will protect their business from these increases, rarely a tactic that enables growth to be at the centre of the organisations focus. The second is that they impact that most critical but fragile of commodities – confidence. https://lnkd.in/eBusxhqa

Quarterly Review Q4 2024 - Scottish Engineering

Quarterly Review Q4 2024 - Scottish Engineering

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