Scottish financial sector creates 65,000 new jobs

06-08-2007

Scottish financial sector creates 65,000 new jobs
Over the last five years, the Scottish business and financial sectors have helped to boost the country's economy and create a significant number of new employment positions, according to a new report.

Research by Bank of Scotland found that the two sectors had boosted the country's jobs market by creating 65,000 new positions over the last five years, the Scotsman reports.

Tim Crawford, group economist at the firm, said: "Scotland's economic performance has improved in the past five years and this has led to stronger employment and wages growth in Scotland than the UK average."

Scottish economic growth has been driven by the two sectors, while these industries have experienced the fastest rate of employment growth over the course of the last five years, he added.

In June, Lloyds TSB Scotland reported that the second quarter of 2007 saw 48 per cent of Scottish firms claim that their turnover had increased, compared with 14 per cent who stated that they had seen a decline in turnover.


Related categories: Banking / Finance.


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