Finance
EY: UK economy dodges recession in Q3, but faces stagnation ahead
Published 1 year ago
The UK’s economy has displayed resilience in the Q3 of 2023, with the GDP managing to remain steady, thus averting the risk of a technical recession.
Read on www.scottishfinancialnews.com →
HMRC set for operational overload as 1.2 million more savers face tax liabilities
Published 1 year ago
HM Revenue & Customs (HMRC) is bracing for a surge in taxpayer queries and potential operational strain as an estimated 1.2 million individuals have found themselves liable for tax on savings interest due to increased earnings and higher savings rates.
Read on www.scottishfinancialnews.com →
Ex-NatWest CEO to lose majority of £10m payout
Published 1 year ago
It has been revealed that the former CEO of RBS-owner NatWest Group, Dame Alison Rose will forfeit the majority of her £10 million potential payout following the scandal involving the closure of Nigel Farage’s account at the bank’s subsidiary, Coutts.
Read on www.scottishfinancialnews.com →
Thousands of Edinburgh employees benefit from fair pay after Living Wage campaign
Published 1 year ago
A campaign to boost the number of businesses which become real Living Wage accredited has led to 12,000 Edinburgh workers receiving a direct, guaranteed uplift in pay over the past decade.
Read on www.scottishfinancialnews.com →
PwC: Subdued Scottish growth amidst UK’s cautious economic optimism
Published 1 year ago
Scotland’s economic outlook remains cautious, with growth anticipated to be subdued through 2023 and 2024, according to the latest PwC UK Economic Outlook report.
Read on www.scottishfinancialnews.com →
Scottish Enterprise fuels record number of university spinouts with £2.06m in grants
Published 1 year ago
Scottish Enterprise (SE) has broken its own record in nurturing academic innovation, demonstrating significant fiscal progress through its High Growth Spinout Program (HGSP).
Read on www.scottishfinancialnews.com →
ICAS urges reinstatement of key audit reforms after King’s Speech omission
Published 1 year ago
Responding to the omission of the Audit and Corporate Governance Reform Bill from the King’s Speech today, ICAS has warned of a detrimental impact and calls for the government to rethink its position.
Read on www.scottishfinancialnews.com →
Souter Investments seals deal to acquire engineering firm Premier Hytemp
Published 1 year ago
In a strategic move within the energy sector, Souter Investments, led by Sir Brian Souter, has finalised an agreement to acquire Premier Hytemp, a firm in the engineering solutions space.
Read on www.scottishfinancialnews.com →
Scottish business representative organisations demand business rate freeze
Published 1 year ago
Thirty-five business representative groups and industry bodies have jointly written to the Scottish Government’s Deputy First Minister and Finance Secretary asking her to freeze the business rate in the coming financial year.
Read on www.scottishfinancialnews.com →
Scotland’s biobased manufacturing sector set for growth with £75m fund
Published 1 year ago
Scotland’s burgeoning biobased manufacturing industry is set to receive a significant boost with the introduction of the Launchpad programme, aimed at bolstering growth and innovation within the sector.
Read on www.scottishfinancialnews.com →
Howden Scotland snaps up Glasgow insurance firm
Published 1 year ago
Howden Scotland, previously known as Bruce Stevenson, has acquired Neilson Laurence & Neil, a Glasgow-based specialist in UK business insurance.
Read on www.scottishfinancialnews.com →
Embark opens Dundee Tech School
Published 1 year ago
Dundee-based financial services firm Embark Group has launched a brand new training facility in the city which promises to create a pipeline of high-value technology roles and inject fresh investment into the local economy.
Read on www.scottishfinancialnews.com →
SRC: Storms exert heavy toll on Scotland’s shopper footfall
Published 1 year ago
Scotland’s retail sector felt the brunt of severe October storms, with shopper footfall witnessing a significant drop, according to the latest data from SRC-Sensormatic IQ.
Read on www.scottishfinancialnews.com →
Scottish SMEs in financial tightrope as costs impede growth investments
Published 1 year ago
Scottish small and medium-sized enterprises (SMEs) are grappling with surging operational and supply chain expenses, impeding their capacity to invest in growth opportunities, according to research by business lender Simply Asset Finance.
Read on www.scottishfinancialnews.com →
Corporate insolvencies in Scotland rise over 20% year-on-year
Published 1 year ago
The number of companies filing for administration in Scotland has jumped by over 20% year-on-year, as a sluggish economy, the cost-of-living crisis, high interest rates and ongoing geopolitical uncertainty continue to impact businesses across the country.
Read on www.scottishfinancialnews.com →
EY: UK economy dodges recession in Q3, but faces stagnation ahead
Published 1 year ago
The UK’s economy has displayed resilience in the Q3 of 2023, with the GDP managing to remain steady, thus averting the risk of a technical recession.
Read on www.scottishfinancialnews.com →
HMRC set for operational overload as 1.2 million more savers face tax liabilities
Published 1 year ago
HM Revenue & Customs (HMRC) is bracing for a surge in taxpayer queries and potential operational strain as an estimated 1.2 million individuals have found themselves liable for tax on savings interest due to increased earnings and higher savings rates.
Read on www.scottishfinancialnews.com →
Ex-NatWest CEO to lose majority of £10m payout
Published 1 year ago
It has been revealed that the former CEO of RBS-owner NatWest Group, Dame Alison Rose will forfeit the majority of her £10 million potential payout following the scandal involving the closure of Nigel Farage’s account at the bank’s subsidiary, Coutts.
Read on www.scottishfinancialnews.com →
Thousands of Edinburgh employees benefit from fair pay after Living Wage campaign
Published 1 year ago
A campaign to boost the number of businesses which become real Living Wage accredited has led to 12,000 Edinburgh workers receiving a direct, guaranteed uplift in pay over the past decade.
Read on www.scottishfinancialnews.com →
PwC: Subdued Scottish growth amidst UK’s cautious economic optimism
Published 1 year ago
Scotland’s economic outlook remains cautious, with growth anticipated to be subdued through 2023 and 2024, according to the latest PwC UK Economic Outlook report.
Read on www.scottishfinancialnews.com →
Scottish Enterprise fuels record number of university spinouts with £2.06m in grants
Published 1 year ago
Scottish Enterprise (SE) has broken its own record in nurturing academic innovation, demonstrating significant fiscal progress through its High Growth Spinout Program (HGSP).
Read on www.scottishfinancialnews.com →
ICAS urges reinstatement of key audit reforms after King’s Speech omission
Published 1 year ago
Responding to the omission of the Audit and Corporate Governance Reform Bill from the King’s Speech today, ICAS has warned of a detrimental impact and calls for the government to rethink its position.
Read on www.scottishfinancialnews.com →
Souter Investments seals deal to acquire engineering firm Premier Hytemp
Published 1 year ago
In a strategic move within the energy sector, Souter Investments, led by Sir Brian Souter, has finalised an agreement to acquire Premier Hytemp, a firm in the engineering solutions space.
Read on www.scottishfinancialnews.com →
Scottish business representative organisations demand business rate freeze
Published 1 year ago
Thirty-five business representative groups and industry bodies have jointly written to the Scottish Government’s Deputy First Minister and Finance Secretary asking her to freeze the business rate in the coming financial year.
Read on www.scottishfinancialnews.com →
Scotland’s biobased manufacturing sector set for growth with £75m fund
Published 1 year ago
Scotland’s burgeoning biobased manufacturing industry is set to receive a significant boost with the introduction of the Launchpad programme, aimed at bolstering growth and innovation within the sector.
Read on www.scottishfinancialnews.com →
Howden Scotland snaps up Glasgow insurance firm
Published 1 year ago
Howden Scotland, previously known as Bruce Stevenson, has acquired Neilson Laurence & Neil, a Glasgow-based specialist in UK business insurance.
Read on www.scottishfinancialnews.com →
Embark opens Dundee Tech School
Published 1 year ago
Dundee-based financial services firm Embark Group has launched a brand new training facility in the city which promises to create a pipeline of high-value technology roles and inject fresh investment into the local economy.
Read on www.scottishfinancialnews.com →
SRC: Storms exert heavy toll on Scotland’s shopper footfall
Published 1 year ago
Scotland’s retail sector felt the brunt of severe October storms, with shopper footfall witnessing a significant drop, according to the latest data from SRC-Sensormatic IQ.
Read on www.scottishfinancialnews.com →
Scottish SMEs in financial tightrope as costs impede growth investments
Published 1 year ago
Scottish small and medium-sized enterprises (SMEs) are grappling with surging operational and supply chain expenses, impeding their capacity to invest in growth opportunities, according to research by business lender Simply Asset Finance.
Read on www.scottishfinancialnews.com →
Corporate insolvencies in Scotland rise over 20% year-on-year
Published 1 year ago
The number of companies filing for administration in Scotland has jumped by over 20% year-on-year, as a sluggish economy, the cost-of-living crisis, high interest rates and ongoing geopolitical uncertainty continue to impact businesses across the country.
Read on www.scottishfinancialnews.com →