Financial forecasts for Scottish Registered Social Landlords (RSLs) remain robust but governing bodies could face difficult trade-offs as finances tighten, according to the Scottish Housing Regulator’s summary of the sector’s financial plans for the next five years.
The Scottish Retail Consortium (SRC) has appealed to the Scottish Government to shield businesses from significant tax hikes in today’s forthcoming Scottish Budget.
Ahead of today’s Scottish Budget, the Chartered Institute of Taxation (CIOT) and Institute of Chartered Accountants of Scotland (ICAS) have called on the Scottish and UK governments to use the tenth anniversary of the Smith Commission next year to review the implementation of Scotland’s devolved tax powers.
London-based Elbow Beach Capital, the decarbonisation, sustainability and social impact investor, has announced a £1m follow-on investment in Munro Vehicles, a manufacturer of all electric 4x4 vehicles and Scotland’s only volume production car company.
Sir Tom Hunter, the successful business man and founder of The Hunter Foundation, has hailed “another year of solid progress” at his business empire as it continues to support a number of companies, , including a Scottish restaurant operator and a cancer treatment specialist.
Company insolvencies in Scotland have dropped 8% in November 2023 when compared to November 2022, according to the latest statistics published by the Insolvency Service.
The Scottish Government has been faced with a £1.5 billion shortfall in funding for next year due to increased spending pressures and new announcements, according to the Fraser of Allander Institute at the University of Strathclyde.
A number of Scotland’s finance and business industry bodies have signed an open letter addressed to the Scottish Government ahead of next week’s Scottish Budget due on 19 December. They have articulated their collective stance and concerns regarding the upcoming Scottish Budget, emphasising the need for policies that bolster Scotland’s competitiveness and economic growth.
As Christmas 2023 approaches, Scottish retailers have been faced with a challenging trading environment, marked by a slowdown in sales growth, according to the KPMG-SRC Scottish Retail Sales Monitor.
The Scottish Professional Football League (SPFL) has confirmed the renewal of its title sponsorship deal with the SPFL Trust for the SPFL Trust Trophy, funded by philanthropist James Anderson, who was formerly partner at Baillie Gifford and fund manager of the Scottish Mortgage Investment Trust.