Prosperity increases in Scotland thanks to biggest rises in household wealth and SME turnover seen in the UK.

Scotland’s household wealth grew the fastest in the UK since our 2015 study, rising by 13% which was higher than both London (12%) and the South East (11%).

Scotland’s small business performance also topped the UK rankings with the highest increase in SME turnover, recording an 8% increase, and helping Scotland to rise three places in the Prosperity Index since 2015.

GDP in Scotland remains the third highest in the UK, behind only London and South East, growing 9.8% year on year.

The number of millionaires in Scotland reduced by 10.4%, from a population of 48,000 to 43,000, in line with the wider UK trend where there was a slight reduction overall.