Some good news – kind of. The Royal Bank of Scotland’s latest Purchasing Managers’ Index report suggests things are starting to get built and sold again. A PMI rate above 50 suggests activity is expanding rather than contracting, and Scotland’s August PMI was 55.8, ahead of Northern Ireland and Wales but behind all English regions. […]

Scotland’s looming financial storm


As the world economy contracts, global debt surges. The IMF have said it will increase by 13 per cent to reach 96.4 per cent of GDP this year. Global debts are the highest they have been since WWII, at a staggering $250 trillion. That debt takes many different forms: some of it, like UK Government […]

Time for a global debt revolt?