Finance
Scotch Whisky Association calls for spirits duty freeze in Autumn Budget
Published 8 months ago
Following the Treasury’s announcement that the Autumn Budget will be held on 26 November, the Scotch Whisky Association (SWA) has called on the Chancellor to implement a multi-year freeze on spirits duty.
Read on www.scottishfinancialnews.com →
HMRC admits using AI to scan social media for tax cheats
Published 9 months ago
HM Revenue and Customs (HMRC) has confirmed it uses artificial intelligence to analyse taxpayers’ social media posts as part of criminal investigations into tax evasion.
Read on www.scottishfinancialnews.com →
TLT reports £187m turnover amid significant growth in Scotland
Published 9 months ago
TLT has reported a record annual turnover of £187 million in its latest financial results, with Scottish revenue having increased by over 400% in six years.
Read on www.scottishfinancialnews.com →
Father and son duo launch Glasgow brokerage with £5m first year target
Published 9 months ago
A new independent brokerage, Octo Insurance Brokers, has officially launched with an ambitious target to write £5 million in gross written premiums in its first year.
Read on www.scottishfinancialnews.com →
Starting salary growth hits four-year low as UK jobs market cools
Published 9 months ago
Hiring activity across the UK fell sharply in July as businesses held back on recruitment amidst concerns over the economic outlook and rising labour costs.
Read on www.scottishfinancialnews.com →
STAC launches investment arm, funnelling £1m into first three startups
Published 9 months ago
Three pioneering healthtech companies are set to accelerate their growth and market impact thanks to investment from STAC, Scotland’s industry-led accelerator for smart, connected, and deep tech startups.
Read on www.scottishfinancialnews.com →
Cyber and Fraud Hub helps 450 victims and recovers £1.15m in first year
Published 9 months ago
Scotland’s sole charity dedicated to supporting victims of cybercrime and fraud has announced a significant impact in its inaugural year, recovering or preventing the loss of over £1.15 million for those affected.
Read on www.scottishfinancialnews.com →
Gillespie Macandrew profits climb 20% amidst sector-focused strategy
Published 9 months ago
Gillespie Macandrew has posted an 11% rise in turnover to £19.6 million and a 20% increase in profits to £6.3m for the year ending 28 February 2025.
Read on www.scottishfinancialnews.com →
Bank of England cuts rate to 4% in knife-edge vote
Published 9 months 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.
Read on www.scottishfinancialnews.com →
RSM: Oasis brings supersonic boost to Scotland’s economy
Published 9 months 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.
Read on www.scottishfinancialnews.com →
R3: Overdue invoices top 1.8 million in Scotland as pressure mounts
Published 10 months 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.
Read on www.scottishfinancialnews.com →
Mansion House: Growth cannot come at the expense of public trust, warns ICAS
Published 10 months 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.
Read on www.scottishfinancialnews.com →
Mansion House: Chancellor sets out financial reforms to cut red tape
Published 10 months 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.
Read on www.scottishfinancialnews.com →
FCA fines Barclays £42m for ‘poor financial crime controls’
Published 10 months 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.
Read on www.scottishfinancialnews.com →
Barnett Formula ‘fit for purpose’ but requires overhaul for transparency and flexibility, say MPs
Published 10 months 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.
Read on www.scottishfinancialnews.com →
Scotch Whisky Association calls for spirits duty freeze in Autumn Budget
Published 8 months ago
Following the Treasury’s announcement that the Autumn Budget will be held on 26 November, the Scotch Whisky Association (SWA) has called on the Chancellor to implement a multi-year freeze on spirits duty.
Read on www.scottishfinancialnews.com →
HMRC admits using AI to scan social media for tax cheats
Published 9 months ago
HM Revenue and Customs (HMRC) has confirmed it uses artificial intelligence to analyse taxpayers’ social media posts as part of criminal investigations into tax evasion.
Read on www.scottishfinancialnews.com →
TLT reports £187m turnover amid significant growth in Scotland
Published 9 months ago
TLT has reported a record annual turnover of £187 million in its latest financial results, with Scottish revenue having increased by over 400% in six years.
Read on www.scottishfinancialnews.com →
Father and son duo launch Glasgow brokerage with £5m first year target
Published 9 months ago
A new independent brokerage, Octo Insurance Brokers, has officially launched with an ambitious target to write £5 million in gross written premiums in its first year.
Read on www.scottishfinancialnews.com →
Starting salary growth hits four-year low as UK jobs market cools
Published 9 months ago
Hiring activity across the UK fell sharply in July as businesses held back on recruitment amidst concerns over the economic outlook and rising labour costs.
Read on www.scottishfinancialnews.com →
STAC launches investment arm, funnelling £1m into first three startups
Published 9 months ago
Three pioneering healthtech companies are set to accelerate their growth and market impact thanks to investment from STAC, Scotland’s industry-led accelerator for smart, connected, and deep tech startups.
Read on www.scottishfinancialnews.com →
Cyber and Fraud Hub helps 450 victims and recovers £1.15m in first year
Published 9 months ago
Scotland’s sole charity dedicated to supporting victims of cybercrime and fraud has announced a significant impact in its inaugural year, recovering or preventing the loss of over £1.15 million for those affected.
Read on www.scottishfinancialnews.com →
Gillespie Macandrew profits climb 20% amidst sector-focused strategy
Published 9 months ago
Gillespie Macandrew has posted an 11% rise in turnover to £19.6 million and a 20% increase in profits to £6.3m for the year ending 28 February 2025.
Read on www.scottishfinancialnews.com →
Bank of England cuts rate to 4% in knife-edge vote
Published 9 months 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.
Read on www.scottishfinancialnews.com →
RSM: Oasis brings supersonic boost to Scotland’s economy
Published 9 months 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.
Read on www.scottishfinancialnews.com →
R3: Overdue invoices top 1.8 million in Scotland as pressure mounts
Published 10 months 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.
Read on www.scottishfinancialnews.com →
Mansion House: Growth cannot come at the expense of public trust, warns ICAS
Published 10 months 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.
Read on www.scottishfinancialnews.com →
Mansion House: Chancellor sets out financial reforms to cut red tape
Published 10 months 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.
Read on www.scottishfinancialnews.com →
FCA fines Barclays £42m for ‘poor financial crime controls’
Published 10 months 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.
Read on www.scottishfinancialnews.com →
Barnett Formula ‘fit for purpose’ but requires overhaul for transparency and flexibility, say MPs
Published 10 months 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.
Read on www.scottishfinancialnews.com →