ScottishNews.com

Finance

Financial forecasts remain ‘robust’ but RSLs could face difficult trade-offs, Regulator finds

Published 1 year ago

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.

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SRC advocates pragmatic approach to avert business rate surge in Scotland

Published 1 year ago

The Scottish Retail Consortium (SRC) has appealed to the Scottish Government to shield businesses from significant tax hikes in today’s forthcoming Scottish Budget.

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Tax and accountancy bodies call for greater clarity on Scottish tax system

Published 1 year ago

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.

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Munro Vehicles’ £1m investment influx enables first car production in Scotland in fifty years

Published 1 year ago

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.

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Sir Tom Hunter ‘very positive’ about prospects of his firm

Published 1 year ago

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.

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Scottish company insolvencies down 8% year-on-year

Published 1 year ago

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.

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Tough fiscal choices ahead for Scottish Government amidst £1.5bn funding gap

Published 1 year ago

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.

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Scottish business warns against increasing tax divergence with UK

Published 1 year ago

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.

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Bank of England keeps base rate unchanged at 5.25%

Published 1 year ago

The Bank of England (BoE) has again decided to maintain the base interest rate at 5.25%.

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Two Scottish firms each awarded £50,000 from UK Fintech Innovation Challenge

Published 1 year ago

FinTech Scotland and Smart Data Foundry have announced the winners of their UK Fintech Innovation Challenge.

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RBS and Social Bite to host Christmas dinner for people experiencing homelessness

Published 1 year ago

Royal Bank of Scotland is joining forces with Social Bite to host a Christmas dinner for people who’ve experienced homelessness.

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Multiple sector decline leads to 0.3% October GDP contraction

Published 1 year ago

The UK economy has faced a downturn in October, with a contraction observed across all major sectors, which saw GDP fall by 0.3% month-on-month.

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Moray Growth Deal’s £100m investment to spur sustainable and inclusive economic development

Published 1 year ago

Moray is undergoing a transformational economic revival with an infusion of over £100 million from the Moray Growth Deal.

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Economic squeeze dampens Scottish retail’s festive spirit

Published 1 year ago

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.

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James Anderson’s financial aid fuels SPFL Trust Trophy for another season

Published 1 year ago

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.

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