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Finance

Fraser of Allander Institute: Scottish income tax – mixed reactions from business community

Published 2 months ago

More than half of Scottish businesses (57%) have experienced little to no impact from the Scottish Government’s income tax policy, while 34% have felt the effects more sharply, according to the Fraser of Allander Institute.

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Alliance Trust: Cautious outlook as global equities rebound after turbulent August

Published 2 months ago

Alliance Trust discusses the recent market shocks experienced during the August turbulence, which was marked by a sharp initial decline followed by a rebound.

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Triyit completes £1.1m funding round following £850k Investment Fund for Scotland backing

Published 2 months ago

Glasgow-based marketing technology platform Triyit Ltd has secured an £850,000 investment, from the Investment Fund for Scotland (IFS), managed by Maven Capital Partners and delivered by the British Business Bank, as part of a £1.1 million funding round.

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Government urged to provide long-term tax clarity in upcoming budget

Published 2 months ago

Henderson Loggie is calling on the UK government to provide businesses with a clear and comprehensive tax roadmap in the forthcoming budget.

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Arnold Clark boosts Cyber and Fraud Hub with two-year funding

Published 2 months ago

The Cyber and Fraud Hub, launched earlier this year by the Cyber and Fraud Centre Scotland to support members of the public affected by cyber and fraud crime, has received a substantial donation to support its first two years from Arnold Clark.

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Titanic shipbuilder Harland & Wolff to enter administration

Published 2 months ago

Harland and Wolff, which has two Scottish shipyards in Methil and Arnish, has confirmed it is faced with administration for the second time in five years and will appoint insolvency practitioners from Teneo.

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Wbg advises households to tackle debt ahead of winter

Published 2 months ago

As temperatures drop and energy bills rise, Scottish accountancy firm Wbg is advising households to address their debts now to ensure they can keep their homes warm this winter.

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Dismay as £1bn HBOS fraud inquiry enters eighth year

Published 2 months ago

Concerns have been raised regarding the inquiry into a £1 billion banking fraud case at HBOS, after it was revealed that evidence is still being received in its eighth year.

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JW Filshill achieves record £215m turnover ahead of 150th anniversary

Published 2 months ago

Food and drink wholesaler JW Filshill, one of Scotland’s oldest independent food and drink wholesalers, saw turnover increase to £215 million, up 6% from £203m, in the year ending 31 January 2024.

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UK national debt on course to treble, warns OBR

Published 2 months ago

The UK’s national debt is projected to treble over the next 50 years, driven by an ageing population, climate change, and geopolitical tensions, according to the Office for Budget Responsibility (OBR).

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

Published 2 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 2 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 2 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 2 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 2 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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