Hotels, bars, restaurants, travel and leisure firms have enjoyed a positive start to the year, according to research by the Confederation of British Industry (CBI).
A new report from the employers’ group today also highlights how accountancy, legal and marketing firms have led strong growth in the UK’s services sector over the past few months.
But the CBI’s upbeat comments are offset by grave warnings about “underlying challenges” facing businesses in 2018.
Its plea for a “comprehensive” customs union after Brexit echoes growing unease among exporters across the north and north-east as the UK’s departure from the European Union moves ever closer.
Other research findings published today show most smaller companies believe the UK Government is ignoring their concerns on Brexit.
Trade tariffs were the biggest concern among those polled for the survey by accountants Moore Stephens, followed by the loss of migrant labour and customers.
Given that most of Scotland’s fishing catch is exported while much of the seafood eaten in the UK is imported, you might expect fish processors to be particularly anxious.
But they are a resilient bunch and clearly not pinning their hopes too much on the government securing a customs union deal.
Aberdeen-based processor Andrew Charles says the industry would “love” tariff-free trade to remain after Brexit, but is ready to “handle” any obstacles to trade in the absence of an agreement.
Shetland Fishermen’s Association executive officer is also taking a pragmatic and perhaps realistic approach, saying tariffs would “not be insurmountable”.
Bank of England Governor Mark Carney will deliver his latest thoughts on Brexit at the inaugural Scottish Economic Conference in Edinburgh on Friday.
And in another upcoming event, don’t forget the Bank’s £10 note featuring Charles Darwin ceases to be legal tender on Thursday.