Outlook and appraisal [May 1986]

James Love, Stephen Boyle, Paul Draper, Frank Harrigan, John Heeley, Iain Jenkins, Cliff Lockyer, Jim H Love, Peter McGregor, Iain McNicolI, David Simpson, Jim Walker, James Love (Editor)

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During the first part of 1986 developments in the Scottish economy took place against a background of: further reductions in oil prices; some slight reductions in the high levels of UK real and nominal interest rates; and continuing weakness in non-oil commodity markets. In addition, the Chancellor in the March Budget remained committed to the general direction that UK economic policy has followed over the past few years. The March Budget also provided a further stimulus to consumer spending through the reduction of the standard rate of income tax.
Original languageEnglish
Pages (from-to)1-2
Number of pages2
JournalQuarterly Economic Commentary
Issue number4
Publication statusPublished - 1 May 1986


  • Fraser of Allander
  • Scottish economic outlook
  • Scottish economic conditions


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