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Economy: Cloud has silver lining as growth gap narrows

By Andrew Bolger

Published: October 30 2008 14:21 | Last updated: October 30 2008 14:21

When the Scottish National party formed a minority government after last year’s narrow election victory, one of its main goals was to close the historic gap in economic growth rates between Scotland and the UK as a whole.

It looks now as if that ambition may be achieved – but not in a way that anyone would have wished. The looming recession threatens to cause the economies both north and south of the border to converge as they shrink.

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