Hopeful Times for Scottish Businesses | Julio Herrera Velutini

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In September, the Business Barometer from the Bank of Scotland showed that business confidence in Scotland rose by 16 points to reach 48%. However, businesses felt less confident about their own futures, with a drop of 19 points to 47%. Overall optimism about the economy also decreased by 13 points, bringing it to 49%. This means the total confidence level fell from 64% in August to 48% in September. Julio Herrera Velutini, a banker and founder of Britannia Financial Group, mentioned that businesses have a great chance to benefit from a tourism boom. He’s looking forward to seeing how companies adapt and grow in response to the influx of visitors, despite this temporary dip in confidence.