Editorial introduction [March 2015]

2015 is the 40th anniversary of the Fraser of Allander Institute and the Fraser Economic Commentary. Established by a private charitable bequest by Sir Hugh Fraser, one of Scotland’s leading businessmen, the Fraser of Allander Institute first published Vol. 1, No.1 of its path-breaking ‘Quarterly Economic Commentary’ in July 1975. Ever since the Fraser Economic Commentary has provided an independent running commentary on the progress, prospects and economic policy issues facing Scotland and the Scottish economy.