ScottishNews.com

Finance

Ex-BoE Governor calls for income tax hike to fund higher defence spending

Published 1 year ago

Former Bank of England Governor, Lord Mervyn King, has stated that an increase in income tax is likely necessary to fund heightened defence spending and facilitate public service reform.

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Scottish businesses sell to the world with £42m export finance uplift

Published 1 year ago

Businesses behind Scotland’s most emblematic exports have secured £42 million in UK Export Finance (UKEF) deals since the summer, facilitating international expansion.

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Scotland sees export growth with sector-specific plans

Published 1 year ago

Scotland’s focused global trading strategy is producing tangible results, Business Minister Richard Lochhead has told an audience of Scottish exporters.

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R3: Overdue invoices in Scotland surge to three-year high

Published 1 year ago

Scottish businesses are grappling with a surge in overdue invoices, reaching a three-year high in January, according to new research from R3.

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ASSC: £1bn Industry threatened by ‘heavy-handed regulations’

Published 1 year ago

One of Scotland’s trade bodies has demanded immediate action to lift Scotland’s £1 billion self-catering industry from crisis, blaming the Scottish Government’s repeated failure to reform its flawed short-term let regulations wreaking havoc across Scotland.

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Scottish onshore GDP outpaces UK annually, but Q4 falters

Published 1 year ago

Scotland’s onshore GDP experienced a 0.6% increase in December 2024, according to official statistics.

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Audit Scotland: Fife Council faces £46m savings target amid service strain

Published 1 year ago

Fife Council, having previously maintained services without major cuts, now faces a critical juncture, as a recent Accounts Commission report has highlighted a mixed performance, with deepening inequalities and deteriorating social care.

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Report: Savers reject cash ISA cuts in overwhelming numbers

Published 1 year ago

Research by the Building Societies Association has shown that three-quarters (73%) of UK adults with Cash ISAs are against the UK government scrapping or reducing Cash ISAs.

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Cyber and Fraud Hub supports 228 individuals in cases worth £8m over last six months

Published 1 year ago

The Cyber and Fraud Hub has helped hundreds of individuals protect themselves from financial loss since launching last July.

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SRC seeks action as shop thefts spike by 18%

Published 1 year ago

New figures reveal a significant rise in shoplifting across Scotland, with a reported 18% increase in the year ending December 2024.

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Scott James & Associates surpasses £240m funds under management after acquisition

Published 1 year ago

Financial planning and investment specialist Scott James & Associates has significantly expanded its operations with the acquisition of a fellow St. James’s Place (SJP) partner practice.

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Glasgow R&D firm Minerva Innovation targets client doubling in 2025

Published 1 year ago

Glasgow-based Minerva Innovation Group, specialising in R&D tax relief for businesses, aims to double its client base in 2025.

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Foresight Group leads £3.4m investment in Scottish biotech firm

Published 1 year ago

Scottish biotech engineering company uFraction8 has secured £3.4 million in new investment following the completion of a funding round led by Foresight Group.

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BDO: Increase in zombie companies in Scottish mid-market as challenging economic conditions continue to bite

Published 1 year ago

A growing number of mid-sized Scottish businesses are at risk of becoming “zombie” companies, according to research by BDO.

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Reward Funding targets £500m loan book after major refinance

Published 1 year ago

Dunfermline-based Reward Funding has finalised a £360 million refinance, a crucial step in its plan to expand its loan book to £500m within three years.

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