EVIDENCE of economic upside from the Brexit vote remains conspicuously thin the ground. But there is no doubt the attendant collapse in the pound has brought some benefit – even though a weak currency is rarely a sign of economic health.

We have heard many tourism companies say the weaker pound has attracted more visitors to Scotland from overseas since the EU referendum. Now we are seeing increasing evidence that the battered pound is encouraging more inward investment into Scotland.

Figures released by property agent Savills yesterday revealed an upsurge in the value of hotel investment in Scotland last year.

Steven Fyfe, an associate in Savills’ Glasgow office, said foreign investment played a big part in near £200 million of hotel transactions which concluded last year, as investors from the US, Singapore, India and Hong Kong took advantage of the weaker pound to land deals at more competitive prices.

It could be argued that such interest bodes well for the Scottish economy, especially if these new owners show an appetite to invest in these businesses and take on more workers. But of course not everything in the Brexit garden is rosy. Industry figures remain concerned the end to the freedom of movement from EU nations to the UK will choke off a vital supply of talented and hard-working staff.