Fraser of Allander Institute Economic Commentary 2023 Q2
The Institute’s quarterly Economic Commentary includes an assessment of all the latest key data on the UK and Scottish economies.
This Q2 report includes a detailed look at 'The impact of current economic challenges on third-sector organisations' - see p22-24.
Key findings
95% of responding TSOs reported that they were concerned about energy bills, compared to 83% of businesses across all sectors.
45% of third-sector firms reported that they expected to reduce operations in the next 12 months due to rising energy prices, compared to 39% of businesses across all sectors.
86% of TSOs reported attracting new staff as their main recruitment concern, compared to 73% of businesses across all sectors, and 73% of TSOs cited staff retention as a key concern, compared to 66% of businesses across all sectors.
73% of TSO firms expect weak or very weak growth of the economy, compared to the sector average of 62%.
