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    Scots selling counterfeit goods less likely to face prosecution as conviction rate plummets

    Scots selling counterfeit goods less likely to face prosecution as conviction rate plummets

    Librarian cuts at Glasgow schools will ‘rob kids of opportunities’ as SNP Government urged to intervene

    Librarian cuts at Glasgow schools will ‘rob kids of opportunities’ as SNP Government urged to intervene

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    Nicola Sturgeon agrees to TV special as ex-SNP leader to be grilled on ‘striking revelations’ in new book

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    Donald Trump diary reveals exact time he will arrive in Scotland

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    System must work to protect public as report finds chances missed with Southport killer

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    NHS in Scotland ‘stuck in analogue age’ as health boards shell out millions on pagers

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    Scottish Labour MP to vote against welfare reforms despite Keir Starmer climbdown

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    Buy British buses to save 400 Scottish jobs at Alexander Dennis, says MP

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    Scots fear crime is rising in their local area as SNP Government accused of ‘hollowing out’ police

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      Conor Coady in Diogo Jota tribute as old Wolves pal celebrates an ‘incredible person’

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      Brendan Rodgers described me as huge Celtic coup after 24 clubs wanted me – now I have retired aged just 28

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        People on highest PIP could see payments rise to nearly £800 each month from next April

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        Of the 67 paramedics trained in Wales this year, only 20 have been given jobs

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        Lecturer struck off after falling asleep, playing on his phone and describing students as ‘d*** heads’

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        Scots selling counterfeit goods less likely to face prosecution as conviction rate plummets

        Scots selling counterfeit goods less likely to face prosecution as conviction rate plummets

        Librarian cuts at Glasgow schools will ‘rob kids of opportunities’ as SNP Government urged to intervene

        Librarian cuts at Glasgow schools will ‘rob kids of opportunities’ as SNP Government urged to intervene

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        Nicola Sturgeon agrees to TV special as ex-SNP leader to be grilled on ‘striking revelations’ in new book

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        Donald Trump diary reveals exact time he will arrive in Scotland

        Scots ‘forced to wait years’ for hernia operations as NHS struggles to meet demand

        Scots ‘forced to wait years’ for hernia operations as NHS struggles to meet demand

        System must work to protect public as report finds chances missed with Southport killer

        System must work to protect public as report finds chances missed with Southport killer

        NHS in Scotland ‘stuck in analogue age’ as health boards shell out millions on pagers

        NHS in Scotland ‘stuck in analogue age’ as health boards shell out millions on pagers

        Scottish Labour MP to vote against welfare reforms despite Keir Starmer climbdown

        Scottish Labour MP to vote against welfare reforms despite Keir Starmer climbdown

        Buy British buses to save 400 Scottish jobs at Alexander Dennis, says MP

        Buy British buses to save 400 Scottish jobs at Alexander Dennis, says MP

        Scots fear crime is rising in their local area as SNP Government accused of ‘hollowing out’ police

        Scots fear crime is rising in their local area as SNP Government accused of ‘hollowing out’ police

        Senior member of Anas Sarwar’s shadow cabinet ‘opposed’ to Labour welfare cuts bill

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          Salesforce boss Marc Benioff joins Weev.

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          What is a virtual office and why you need one in Central London – Your Company Formations Ltd

          Inflation rises again to new 40-year high

          Inflation rises again to new 40-year high

          Bank of England hikes interest rates to 1.25%

          Bank of England hikes interest rates to 1.25%

          Hiring activity in Scotland slows amid steep decline in staff availability

          Hiring activity in Scotland slows amid steep decline in staff availability

          Scottish retail footfall growth ‘worst in UK compared to pre-pandemic’

          Scottish retail footfall growth ‘worst in UK compared to pre-pandemic’

        • Sports
          Lyall Cameron slammed for ‘disrespect’ as Rangers new boy comes under fire for Dundee ‘jibes’

          Lyall Cameron slammed for ‘disrespect’ as Rangers new boy comes under fire for Dundee ‘jibes’

          Celtic risk blowing £1.6m transfer windfall as defensive duo head out on loan – Parkhead news bulletin

          Celtic risk blowing £1.6m transfer windfall as defensive duo head out on loan – Parkhead news bulletin

          Prince William’s firm five-word statement to Chloe Kelly about Euros goal uncovered by lip reader

          Prince William’s firm five-word statement to Chloe Kelly about Euros goal uncovered by lip reader

          Kieran Tierney genius exposes ‘sloppy’ Ajax as Celtic earn rival acclaim despite Como Cup hammering

          Kieran Tierney genius exposes ‘sloppy’ Ajax as Celtic earn rival acclaim despite Como Cup hammering

          Andrej Bacanin makes Celtic transfer intentions clear amid Rangers claim as direct link with Lennon Miller emerges

          Andrej Bacanin makes Celtic transfer intentions clear amid Rangers claim as direct link with Lennon Miller emerges

          Rangers strongest XI for Panathinaikos as Thelo Aasgaard injury blow opens door for Euro history-maker

          Rangers strongest XI for Panathinaikos as Thelo Aasgaard injury blow opens door for Euro history-maker

          Celtic could ‘renew interest’ in Evan Ferguson as transfer hijack follows Yamada hint and Ambrosino U turn

          Celtic could ‘renew interest’ in Evan Ferguson as transfer hijack follows Yamada hint and Ambrosino U turn

          Exact cost of Rangers injury crisis revealed as payments to crocked stars double that of Celtic

          Exact cost of Rangers injury crisis revealed as payments to crocked stars double that of Celtic

          Conor Coady in Diogo Jota tribute as old Wolves pal celebrates an ‘incredible person’

          Conor Coady in Diogo Jota tribute as old Wolves pal celebrates an ‘incredible person’

          Brendan Rodgers described me as huge Celtic coup after 24 clubs wanted me – now I have retired aged just 28

          Brendan Rodgers described me as huge Celtic coup after 24 clubs wanted me – now I have retired aged just 28

          Ange Postecoglou to LAFC has direct Celtic link as MLS heavy hitters plot ambitious manager move

          Ange Postecoglou to LAFC has direct Celtic link as MLS heavy hitters plot ambitious manager move

          The Rangers transfers Russell Martin needs revealed as AEK set Dessers deadline and Shankland a no-brainer

          The Rangers transfers Russell Martin needs revealed as AEK set Dessers deadline and Shankland a no-brainer

          Trending Tags

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            Tech fans rush to buy £30 Acer Chromebook tablet that is ‘perfect for work and play’

            Tech fans rush to buy £30 Acer Chromebook tablet that is ‘perfect for work and play’

            Apple fans rush to buy MacBook for only £99 after 54% price slash

            Apple fans rush to buy MacBook for only £99 after 54% price slash

            Lego Game Boy unveiled with pre-orders now live – but some point out ‘disappointing’ flaw

            Lego Game Boy unveiled with pre-orders now live – but some point out ‘disappointing’ flaw

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            Panasonic dishes out £100 takeaway vouchers and 15% off ‘first class’ OLED TVs

            ‘Classy’ smartwatch that ‘performs as well as expensive brands’ now £50 in Amazon Prime deal

            ‘Classy’ smartwatch that ‘performs as well as expensive brands’ now £50 in Amazon Prime deal

          • Health
            Nicotine pouches packaged like kid’s sweets sold in Glasgow shop

            Nicotine pouches packaged like kid’s sweets sold in Glasgow shop

            Tesco recalls popular beauty and skincare product over nasty infection risk

            Tesco recalls popular beauty and skincare product over nasty infection risk

            ‘I used old-fashioned method to lose 4stone after microwave incident’

            ‘I used old-fashioned method to lose 4stone after microwave incident’

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            Donald Trump medical condition diagnosed as US President suffers swollen legs

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            Clinical microbiologist issues warning over hidden ‘droppings’ in bed sheets

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            Sainsbury’s ‘gorgeous’ £25 jacket shoppers say is ‘good for all weather’

            Tesco shoppers ‘run’ to stores for ‘gorgeous’ £29.50 cardigan

            Tesco shoppers ‘run’ to stores for ‘gorgeous’ £29.50 cardigan

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            Former DWP employee urges all parents to claim Child Benefit to boost State Pension payments

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            DWP boss defends welfare reform changes after PIP plans put on hold

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            People on highest PIP could see payments rise to nearly £800 each month from next April

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            Of the 67 paramedics trained in Wales this year, only 20 have been given jobs

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            Schoolgirl achieved something incredible and made everyone proud

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            Fury as Welsh Government rejects recommended 4.8% pay rise for teachers

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            Vocational skills to be offered at new secondary school in Swansea

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            Lecturer struck off after falling asleep, playing on his phone and describing students as ‘d*** heads’

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          Sector growth slows as rising inflation weighs on demand

          by Daniel G. Perri
          May 22, 2022
          in Business
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          Output growth in most UK sectors slowed in April as rising inflation weighed on demand for goods and services.

          While the overall UK economy continued to grow, eight out of the 14 sectors monitored by the Bank of Scotland’s tracker experienced a slower rate of output growth month-on-month – four more than in March.

          However, the number of sectors recording an overall increase in output remained resilient, dropping by only one month-on-month.

          The slowdown in output growth was driven by consumers and businesses reining in spending amid concerns over levels of inflation, with 11 out of 14 sectors recording weaker demand for new orders in April – the highest number since July 2021.

          The economic headwinds have led to expectations that businesses are likely to respond by focusing on building in financial and operational resilience, including through strong working capital management and optimising inventory levels.

          The UK Sector Tracker is an evolution of the Bank of Scotland UK Recovery Tracker, using PMI data from S&P Global.

          Businesses in the service sector continued to see overall order volumes grow month-on-month, despite the sector recording the sharpest slowdown in order growth.

          Between March and April, service sector new orders index fell by five and a half points to 54.9, compared to a decline of 0.1 points in the equivalent manufacturing sector index (51.7). A reading above 50 on the tracker indicates a rise, while a reading below 50 indicates contraction.

          Tourism and recreation – which includes pubs, hotels, restaurants and leisure facilities – saw output grow at the second-fastest rate of any sector monitored in April (65), behind only software and services (69.2), as firms continued to benefit from a relaxation in Covid-19 travel restrictions.

          However, the sector’s pace of growth slowed month-on-month as firms reported a fall in new business for the second month in a row (56.6 in April vs. 63.6 in March and 64.5 in February).

          The output of the transport sector – which includes airlines, hauliers and rail operators – also continued to fall, decreasing for a fourth consecutive month (46.1 vs. 49.7), as new business orders contracted at their fastest pace since February 2021 (42.6).

          The manufacturing sector’s pace of order growth in April was the softest in 15 months. Manufacturers of metals and mining products registered the sharpest month-on-month drop in output (47.6 in April vs. 64.4 in March), as firms saw a contraction in new business (49.0 vs. 58.6).

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          Businesses’ own inflationary pressures rose at the fastest pace in 24 years of the tracker’s underlying data in April, amid a particularly sharp acceleration in costs across the manufacturing sector.

          Six out of the seven manufacturing sectors monitored by the tracker reported faster input cost inflation. Firms were a record 16 times more likely than the long-run average to report higher energy costs and five times more likely to report more expensive material costs – the highest level since October 2021.

          A spike in agricultural commodity prices underpinned record cost inflation for food and drink manufacturers for a second consecutive month, registering 96.8 on the tracker’s Input Price Index – up from 94.3 in March.

          Meanwhile, incidences of supplier delivery delays increased for the first time since October 2021, with delays most common among technology equipment (22.4) and industrial goods producers (28.1).

          Service sector costs in April also rose at the greatest extent on record, as businesses faced rising goods prices, salary pressures and energy costs.

          Tourism and leisure firms recorded the fastest uptick in input prices of any services sector – registering 91.4 on the Input Price Index – followed by transportation businesses (87.6).


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          Against a backdrop of rising costs, businesses increased what they charged customers at a record pace in April. The Prices Charged Index posted a record increase from 68.3 in March to 69.4.

          Price increases were most common among manufacturing firms, particularly automobile and auto parts (85.9) and food and drink (80.8) producers.

          Despite inflationary pressures, UK businesses continued to raise their employment levels, with 13 of the 14 sectors registering a rise in employment over April – the same proportion as March as firms maintained efforts to clear staffing backlogs.

          Jeavon Lolay, head of economics at Lloyds Bank Commercial Banking, said: “Consumers are becoming far more conservative in relation to spending as the cost of living rises – which in turn is having a direct impact on business’ output growth.

          “Businesses are also battling intense cost pressures, with a record share of firms reporting raising prices to maintain margins. However, it remains to be seen just how much more they can pass on – with higher prices already having a sizeable knock-on effect on demand in some sectors.

          “While the strength of the UK labour market represents a major positive for consumers, firms continue to struggle to fill vacancies, which poses risks for faster wage growth and further increases in inflation in the year ahead. ”

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