Douglas Fraser looks at why budgets are so tight - and what the future holds.
Douglas Fraser is a Business and Economy Editor at BBC Scotland. His coverage focuses on the offshore oil and renewable energy sectors, finance, and personal finance, with a keen interest in whisky. Douglas has been featured in BBC World, Yahoo News, and RealClearMarkets, among others, and has extensive experience covering various topics including politics, education, and the arts in Scotland and the broader UK.