ScottishNews.com

Finance

Scottish water regulator chief resigns following ‘unacceptable’ financial practices

Published 1 year ago

The Scottish water regulator’s chief, Alan Sutherland, has resigned following a scathing report by Audit Scotland, which highlighted “unacceptable” financial practices at the Water Industry Commission for Scotland (WICS).

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Scottish budget to deliver ‘an economy of opportunity’

Published 1 year ago

The Scottish Government has announced that more than £5 billion is being invested in building a fair, green and growing economy that creates jobs, supports businesses and helps finance Scotland’s public services and the transition to net zero.

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ICAS slams Scottish budget as ‘short-sighted’

Published 1 year ago

The Institute of Chartered Accountants of Scotland (ICAS) has expressed significant concerns about the latest Scottish Budget, labelling it as “short-sighted” and ineffective in fostering long-term economic growth.

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Budget: Scotland raises taxes on high earners with new band at 45% introduced

Published 1 year ago

Finance Secretary Shona Robison has announced a series of fiscal, including significant changes to Scotland’s income tax structure, in yesterday’s Scottish Budget.

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Scotland leads the charge in financial services green jobs opportunities

Published 1 year ago

Scotland has emerged as having the UK’s highest proportion of green financial job openings, according to the latest report by PwC in its Green Jobs Barometer series.

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Acumen Financial Planning hits £900m management milestone in 21st year

Published 1 year ago

Aberdeen-headquartered Acumen Financial Planning has marked its 21st anniversary with reaching a milestone of over £900 million in funds under management across the Financial Planning Group.

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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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