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Finance

Bank of England cuts rate to 4% in knife-edge vote

Published 3 days ago

The Bank of England (BoE) has reduced the base interest rate to 4%, but a deep split among policymakers has signalled that the current cycle of reductions may be nearing its end.

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RSM: Oasis brings supersonic boost to Scotland’s economy

Published 4 days ago

As Oasis fans prepare to gather at Murrayfield Stadium for a weekend at the Live 25’ reunion tour, demand for hotel rooms in Scotland has skyrocketed, with rates increasing by almost 200%, RSM analysis shows.

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R3: Overdue invoices top 1.8 million in Scotland as pressure mounts

Published 3 weeks ago

The number of overdue invoices on the books of Scottish businesses hit more than 1.8 million in Q2 2025, according to new research from R3.

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Mansion House: Growth cannot come at the expense of public trust, warns ICAS

Published 3 weeks ago

In her second Mansion House speech, delivered last night, the Chancellor, Rachel Reeves unveiled a wide-ranging set of regulatory changes aimed at stimulating growth in the financial services sector.

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Mansion House: Chancellor sets out financial reforms to cut red tape

Published 3 weeks ago

Chancellor Rachel Reeves has unveiled a package of reforms for the UK’s financial services industry, aimed at cutting red tape and stimulating much-needed economic growth.

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FCA fines Barclays £42m for ‘poor financial crime controls’

Published 3 weeks ago

The Financial Conduct Authority (FCA) has fined Barclays Bank UK PLC and Barclays Bank PLC a total of £42 million for separate instances of failings in its financial crime risk management – one relating to WealthTek and one relating to Stunt & Co.

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Barnett Formula ‘fit for purpose’ but requires overhaul for transparency and flexibility, say MPs

Published 3 weeks ago

A report from the Scottish Affairs Committee (SAC) has concluded that the Barnett formula is fit for purpose and that there is not a clear need to reform it significantly.

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Stagflation fears grow as UK inflation climbs to 3.6%

Published 3 weeks ago

UK inflation unexpectedly rose to 3.6% in June, casting doubt on the likelihood of an interest rate cut in August.

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Interpath takes over as Edinburgh cyber security company enters administration

Published 3 weeks ago

Will Wright and Alistair McAlinden from Interpath have been appointed joint administrators to Edinburgh-based cyber security firm Adarma Limited, as it ceases trading.

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Scottish business administrations fall but pressures persist across key sectors

Published 3 weeks ago

The number of Scottish businesses entering administration fell by 24 per cent in the first half of 2025, according to new analysis by Shakespeare Martineau.

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ScotLend raises AVM threshold to 75% LTV after securing £20m from Shawbrook

Published 1 month ago

Specialist bridging lender ScotLend has increased its AVM lending limit from 70% to 75% LTV on residential security, following a new £20 million funding facility from Shawbrook.

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Johnston Carmichael launches podcast to explore realities of leadership

Published 1 month ago

Johnston Carmichael has launched a new podcast series that puts leadership in the spotlight, offering honest, thoughtful conversations with a variety of leaders.

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FRC probes Deloitte and Azets over audits of collapsed fintech Stenn

Published 1 month ago

The Financial Reporting Council (FRC) has launched an investigation into Deloitte and Azets over their audits of the collapsed fintech company, Stenn.

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British Business Bank backs diverse and emerging fund managers with £500m package

Published 1 month ago

The British Business Bank has announced a new £400 million Investor Pathways Capital initiative which will support diverse and emerging fund managers across the economy and make it easier for new entrants, particularly those from underrepresented groups, to break into venture capital.

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Scots founders sell professional services firm to CubeMatch

Published 1 month ago

DVCP, a UK-based professional services firm founded by two Scots, has been acquired by the global change and transformation consultancy, CubeMatch.

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