ScottishNews.com

Finance

FCA urged to crack down on insurers charging up to 45% APR for monthly premiums

Published 9 months ago

Which? is urging the Financial Conduct Authority (FCA) to crack down on insurers charging excessive interest rates for monthly premium payments.

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Azets: Hospitality businesses must prepare for new tipping law

Published 9 months ago

Hospitality businesses should prepare for imminent changes to the law on tips and gratutities or face the risk of employment tribunals and penalties, a tax specialist has warned.

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PwC: Scottish store closures at 7-year low

Published 9 months ago

Store closures in Scotland have slowed significantly, with towns and cities losing less than one shop a day on average, according to PwC.

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Capital Credit Union hails impact of apprentices on business success

Published 9 months ago

Edinburgh-based Capital Credit Union has praised the impact apprentices are having on the business, as it currently employs four apprentices and is encouraging other organisations to follow its lead.

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Improvements in UK-EU trading relationship needed

Published 9 months ago

Businesses in Scotland are experiencing “significant challenges” in exporting goods to the EU as a result of considerable non-tariff barriers which have arisen due to the post-Brexit UK-EU trading relationship, according to a new report by Holyrood’s Constitution, Europe, External Affairs and Culture committee.

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Glasgow biotech firm completes $14m funding round

Published 9 months ago

SOLASTA Bio, a Glasgow-based agri-biotech firm, has successfully raised $14 million (c. £10.7m) in Series A funding to advance its groundbreaking nature-inspired bioinsecticides.

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UK’s GDP growth stalls for second consecutive month

Published 9 months ago

The UK economy has experienced a second consecutive month of stagnant growth in July, with GDP remaining flat.

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Financial and related professional services account for 10% of Scotland’s economy

Published 9 months ago

Scotland’s financial and related professional services sector is a key engine of growth, employing 149,000 people and contributing 10% to the national economy in 2022, according to TheCityUK.

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Think Tank suggests tax reforms to raise £20bn and improve fairness

Published 9 months ago

Reforms to Inheritance Tax (IHT), Capital Gains Tax (CGT) and employer National Insurance (NI) could raise over £20 billion a year, and still pass a ‘triple tax test’ of improving tax efficiency, ensuring that tax rises fall on those with the broadest shoulders and not break Labour’s manifesto commitments, according to new Resolution Foundation research.

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Inheritance tax: gross division & net proportionality in estates with exempt and non-exempt shares - an ETN & CIOT Seminar

Published 9 months ago

The Edinburgh Tax Network, in conjunction with CIOT and Terra Firma Chambers, will present a seminar entitled ‘Gross Division & Net Proportionality in Estates – re Ratcliffe & re Benham revisited’ at the Mackenzie Building, Old Assembly Close, Edinburgh on Thursday 26 September 2024.

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Banker who stole thousands from dementia-stricken pensioner jailed for 13 months

Published 9 months ago

A senior banker who stole almost £18,000 from the accounts of an elderly, dementia-stricken customer has been imprisoned for 13 months.

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Employers eye reform impact as pay rises in Scotland

Published 9 months ago

The Scottish labour market continues to demonstrate strength, with employment rates rising and unemployment falling in the May to July 2024 quarter, according to recent figures.

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FCA files first criminal charges for illegal crypto ATMs

Published 9 months ago

The Financial Conduct Authority (FCA) has charged Mr Olumide Osunkoya, who is 45 and resides in London, for unlawfully running multiple crypto ATMs without FCA registration.

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Maven exits CBT investment with 2.85x return

Published 9 months ago

Private equity firm Maven Capital Partners has exited its investment in CB Technology (CBT), a specialist electronics contract manufacturer (ECM), following its acquisition by Northern Ireland-based Elite Electronic Systems.

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RBS: Scottish economy maintains momentum, but manufacturing struggles

Published 9 months ago

Scotland’s private sector maintained its growth trajectory in August, according to the latest Regional Growth Tracker data from RBS.

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