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Insider UK
Insider UK
National
Neil Pooran, PA Scotland Political Reporter

Scotland in recession - and Fiscal Commission warns household incomes set to see biggest decline since records began

The Scottish economy entered recession this year - and experts are warning that real household income is set for its sharpest decline since records began in 1998.

The Scottish Fiscal Commission published its latest forecast alongside John Swinney's budget. The commission warned the Scottish Government would have to deal with higher prices alongside increased pay demands in the public sector.

It said: “Rising prices run through all of our forecasts.

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