Finance
EY: Scotland to avoid recession despite flat economic performance
Published 1 year ago
Resilient consumer spending may have helped the Scottish economy avoid a recession, but economic growth has been flat since Q2 of 2022 and will remain into 2024 when GVA is expected to rise by 0.3%, according to the EY ITEM Club Scottish Autumn forecast.
Read on www.scottishfinancialnews.com →
New FRC chief takes pragmatic view on Big Four’s audit dominance
Published 1 year ago
Richard Moriarty, the new chief executive of the UK’s Financial Reporting Council (FRC), has expressed his stance on the Big Four firm’s reign over the UK audit market.
Read on www.scottishfinancialnews.com →
Armstrong Watson: Tax cuts versus inflation in upcoming Autumn Statement
Published 1 year ago
Amidst the economic turbulence of high inflation, soaring public debt, and the highest tax burden since World War Two, Armstrong Watson’s experts comment on what to expect as the Autumn Statement approaches with high anticipation.
Read on www.scottishfinancialnews.com →
PwC: Black Friday loses sparkle in Scotland as spending tightens
Published 1 year ago
Scottish consumers have begun to increasingly display a diminishing interest the Black Friday sales, with a mere 35% expressing intent to participate in 2023, signalling a significant drop from the previous year’s national interest of 61% to 44%.
Read on www.scottishfinancialnews.com →
SRC & KPMG: Scottish retailers brace for tight festive season amid sales slowdown
Published 1 year ago
Scottish retailers have faced a daunting start to the crucial festive period, with total sales rising a modest 2.9% in October 2023 compared to the same month last year, falling below both the three-month and twelve-month average increases.
Read on www.scottishfinancialnews.com →
Economic pressure eases as UK inflation dips to two-year low
Published 1 year ago
The UK’s inflation rate has dipped to a two-year low of 4.6%, signalling a favourable turn in the country’s economic landscape.
Read on www.scottishfinancialnews.com →
Tax expertise from Henderson Loggie spurs Dundee-based Konglomerate Games’ growth
Published 1 year ago
Dundee-based games development company Konglomerate Games has become a standout in the health gaming industry, with astute tax guidance from Henderson Loggie.
Read on www.scottishfinancialnews.com →
Scottish company insolvencies rise by 21% year-on-year
Published 1 year ago
Scotland has seen a 21% increase in company insolvencies during October 2023 compared to the previous year, with 99 cases registered.
Read on www.scottishfinancialnews.com →
FRP Advisory appointed as Sign Plus Limited enters administration
Published 1 year ago
Michelle Elliot and Anthony Collier, partners with FRP Advisory, have been appointed joint administrators of Sign Plus Limited, a Scottish supplier of signs for a wide variety of markets, including the defence industry.
Read on www.scottishfinancialnews.com →
Interpath Advisory appointed provisional liquidators of Tots Bots Limited
Published 1 year ago
Blair Nimmo and Alistair McAlinden from Interpath Advisory were appointed joint provisional liquidators to Tots Bots Limited on 9 November 2023.
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 →
EY: Scotland to avoid recession despite flat economic performance
Published 1 year ago
Resilient consumer spending may have helped the Scottish economy avoid a recession, but economic growth has been flat since Q2 of 2022 and will remain into 2024 when GVA is expected to rise by 0.3%, according to the EY ITEM Club Scottish Autumn forecast.
Read on www.scottishfinancialnews.com →
New FRC chief takes pragmatic view on Big Four’s audit dominance
Published 1 year ago
Richard Moriarty, the new chief executive of the UK’s Financial Reporting Council (FRC), has expressed his stance on the Big Four firm’s reign over the UK audit market.
Read on www.scottishfinancialnews.com →
Armstrong Watson: Tax cuts versus inflation in upcoming Autumn Statement
Published 1 year ago
Amidst the economic turbulence of high inflation, soaring public debt, and the highest tax burden since World War Two, Armstrong Watson’s experts comment on what to expect as the Autumn Statement approaches with high anticipation.
Read on www.scottishfinancialnews.com →
PwC: Black Friday loses sparkle in Scotland as spending tightens
Published 1 year ago
Scottish consumers have begun to increasingly display a diminishing interest the Black Friday sales, with a mere 35% expressing intent to participate in 2023, signalling a significant drop from the previous year’s national interest of 61% to 44%.
Read on www.scottishfinancialnews.com →
SRC & KPMG: Scottish retailers brace for tight festive season amid sales slowdown
Published 1 year ago
Scottish retailers have faced a daunting start to the crucial festive period, with total sales rising a modest 2.9% in October 2023 compared to the same month last year, falling below both the three-month and twelve-month average increases.
Read on www.scottishfinancialnews.com →
Economic pressure eases as UK inflation dips to two-year low
Published 1 year ago
The UK’s inflation rate has dipped to a two-year low of 4.6%, signalling a favourable turn in the country’s economic landscape.
Read on www.scottishfinancialnews.com →
Tax expertise from Henderson Loggie spurs Dundee-based Konglomerate Games’ growth
Published 1 year ago
Dundee-based games development company Konglomerate Games has become a standout in the health gaming industry, with astute tax guidance from Henderson Loggie.
Read on www.scottishfinancialnews.com →
Scottish company insolvencies rise by 21% year-on-year
Published 1 year ago
Scotland has seen a 21% increase in company insolvencies during October 2023 compared to the previous year, with 99 cases registered.
Read on www.scottishfinancialnews.com →
FRP Advisory appointed as Sign Plus Limited enters administration
Published 1 year ago
Michelle Elliot and Anthony Collier, partners with FRP Advisory, have been appointed joint administrators of Sign Plus Limited, a Scottish supplier of signs for a wide variety of markets, including the defence industry.
Read on www.scottishfinancialnews.com →
Interpath Advisory appointed provisional liquidators of Tots Bots Limited
Published 1 year ago
Blair Nimmo and Alistair McAlinden from Interpath Advisory were appointed joint provisional liquidators to Tots Bots Limited on 9 November 2023.
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 →