Retail sales pick up in January after December slump
Sales grew by 1.9% in January 2022.
Inflation wipes out wage growth
Regular pay is down 0.8% in real terms.
UK economy contracted by 0.2% in December 2021
GDP equal to its pre-pandemic level.
1 in 5 Scottish firms fear rising payroll costs
Scottish accountants cite concerns over clients’ futures.
Business confidence tumbled in late 2021
Confidence lowest in accommodation and food services.