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Is Scotland’s Economy Recovering

SCOTLAND’S economy is set to enjoy its best year since the onset of the credit crisis though a number of risks remain, a top think-tank said today. Revising its 2014 forecast sharply upwards, the EY Scottish Item Club said the economy was likely to benefit from rising employment levels, a recovering property market and improved consumer sentiment. Its summer update forecasts gross domestic product (GDP) expansion of 2.4 per cent this year, a marked increase on the 1.7 per cent predicted at the end of 2013. Further growth of 1.9 per cent is forecast for 2015 and 2016, though that would still leave Scotland’s economy trailing that of the UK as a whole. Economists pointed to the relatively high reliance on the public sector north of the Border and the nation’s lower population growth for the gap. Dougie Adams, senior economic advisor to the EY Scottish Item Club, said: “This year is shaping up to be the best for Scottish economic growth since the onset of the financial crisis, with business investments and exports adding momentum to the consumer-driven recovery.” Jim Bishop, senior partner at the Scottish operation of accountancy giant EY, formerly Ernst & Young, added: “Continued levels of inward investment, falling unemployment and the anticipated growth of Scotland’s economy provide welcome causes for optimism.” The report comes ahead of this week’s publication of the latest Fraser of Allander economic commentary – likely to be one of the last major surveys before September’s independence vote. The Scotsman, Scott Reid
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Is your business in the 70.7%

The Care Inspectorate reported on Twitter that 70.7% of privately run care homes were rated very good or excellent last year. How many very goods did your business achieve? Could you do better? Do you NEED to do better?
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