Executive Gdp Figures Are Wrong, Says Ashcroft

The ScotsmanMarch 25, 2004

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Summary


SCOTLAND'S most respected independent think-tank, the Fraser of Allander Institute, yesterday cast serious doubts on the accuracy of the Scottish Executive's new GDP estimates - suggesting that Scotland may be growing slower than the UK average, rather than faster as ministers have claimed.

The Executive announced in February that it had made sweeping revisions to its measures of the country's gross value added. The changes erased 18 months of below-par performance in the Scottish economy, upgrading its growth rate from 0.5 per cent to 2.1 per cent per year - versus 1.6 per cent across the UK.

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Executive Gdp Figures Are Wrong, Says Ashcroft

The SNP was quick to denounce the adjustments as a stitch-up, because they transformed the Executive's track record on...

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