Scottish Liberal Democrats have today warned that Scotland is on the brink of collapsing into recession after shocking new GDP figures showed that the Scottish economy contracted during the fourth quarter of 2016.
The figures released by the Scottish Government show that in the final quarter of 2016, GDP shrank by 0.2%. During the same quarter the UK economy grew by 0.7%.
Scottish Liberal Democrat economy spokesperson Councillor Carolyn Caddick said:
“People will be horrified to hear that Scotland is teetering on the edge of a recession.
“After months of mediocre employment figures, the Scottish Government must recognise the harm their neglect of the domestic economy is having and change course immediately.
“We need a transformative investment in education to get Scotland fit for the future and build a high-wage, high-skill economy.”
Scottish Liberal Democrat leader Willie Rennie MSP said:
“Given the lag in publishing figures, we may already technically be in another recession. No Scottish Government ministers have acknowledged this risk and the role played in it by their independence obsession.
“Instead of playing the blame game, the Scottish Government should be setting out clear and credible plans to turn this around, starting with a transformative investment in education.”