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Scottish Secretary Responds to Scotland GDP for June and Q2 2024

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Summary

Scottish Secretary Ian Murray responds to June 2024 and Q2 2024 GDP statistics. Scotland's onshore GDP fell 0.3% in June following 0.2% growth in May, while Q2 GDP grew 0.6% compared to Q1 (0.5% growth). Murray discusses the UK Government's economic growth mission, referencing a £22bn fiscal gap and outlining priorities including minimum wage increases and the end of exploitative zero-hours contracts.

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What changed

The Scottish Secretary issued a press release responding to Scotland's GDP figures for June 2024 and Q2 2024, reporting 0.6% quarterly growth in Q2 and 0.3% monthly contraction in June. The statement discusses the UK Government's economic growth priorities, referencing a £22bn fiscal gap and outlining policy initiatives including minimum wage increases and restrictions on zero-hours contracts.

Affected parties should monitor for further economic policy announcements. This is an informational press release presenting government priorities rather than creating new compliance obligations or regulatory requirements.

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Archived snapshot

Apr 16, 2026

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News story

Scottish Secretary responds to GDP for June 2024 and Q2, 2024

Ian Murray underlines government mission for growth, with Scotland playing a critical part in rebuilding UK economy

From: Office of the Secretary of State for Scotland, Scotland Office and The Rt Hon Ian Murray MP Published 28 August 2024 Last updated 18 September 2024
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The latest Scottish GDP stats are published this morning here for the month of June and here for Q2 of 2024.

Scottish Secretary Ian Murray said:

Scotland is critical in the UK Government’s mission for economic growth, as the Chancellor underlines today in Glasgow where she’ll meet with key members of the business community to turbocharge Scotland’s regeneration.

Rebuilding is at the root of everything we do but the £22billion black hole in spending left by the previous government - the worst economic inheritance of any incoming government since the Second World War - means that tough decisions are ahead to achieve stability.

We are making work pay, ensuring the national minimum wage is a true living wage. And with the end of exploitative zero-hours contracts, workers will have increased job security. Backed by £8.3bn of UK Government investment, Scottish-based GB Energy will bring jobs and opportunity for all parts of the UK and trade talks have resumed globally to forge stronger links with our international business partners.

Background

  • Scotland’s onshore GDP is estimated to have fallen by 0.3% in June. This follows growth of 0.2% in May.
  • In the three months to June (Quarter 2), GDP is estimated to have grown by 0.6% compared to the previous three month period (Quarter 1). This is a slight increase on the Quarter 1 growth rate of 0.5%.

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Updates to this page

Published 28 August 2024 Last updated 18 September 2024 show all updates
1.
18 September 2024

new organisation
2.
28 August 2024

First published.

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Classification

Agency
OSS
Published
August 28th, 2024
Instrument
Notice
Legal weight
Non-binding
Stage
Final
Change scope
Minor

Who this affects

Applies to
Government agencies Employers Investors
Industry sector
9211 Government & Public Administration
Activity scope
Economic policy statements Government statistics Fiscal commentary
Geographic scope
United Kingdom GB

Taxonomy

Primary area
Financial Services
Operational domain
Risk Management
Topics
Economic Growth Employment & Labor

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