News

Scottish GDP grows by 0.7 per cent in Q1 2017

Scottish GDP grows by 0.7 per cent in Q1 2017

Scotland’s latest Quarterly National Accounts, announced today by Scotland’s Chief Statistician, show that during the first quarter of the year Scotland’s onshore GDP grew by 0.7 per cent in real terms, based on 2014 weights. Over the latest 12 months, corresponding to financial year 2016-17, the value of Scotland’s onshore GDP is estimated at £150.0 […]

Gluten-free microbrewery secures expansion funds from multiple backers

Gluten-free microbrewery secures expansion funds from multiple backers

The UK’s first dedicated gluten-free microbrewery has achieved its fund raising target of £430,000 cash via equity to support its rapid expansion. The investment in Edinburgh-based Bellfield Brewery was led by the angel syndicate Equity Gap and was supported by Scottish Investment Bank, the investment arm of Scottish Enterprise and existing shareholders (many of whom […]

Blog: Barclay Review a mixed bag for property owners and ratepayers

Blog: Barclay Review a mixed bag for property owners and ratepayers

Iain McGhee, valuations partner at commercial property consultants Knight Frank analyses what the findings of yesterday’s report mean for the industry   To say that Ken Barclay’s review of non-domestic rates was highly anticipated would be an understatement. Seldom has the normally dry subject of business rates attracted more attention than at the beginning of 2017, when steep […]

Lomond Capital subsidiary makes acquisition from Aberdeen legal firm

Lomond Capital subsidiary makes acquisition from Aberdeen legal firm

Aberdeen-based residential leasing company, Stonehouse Lettings, part of the Lomond Capital group, has announced the purchase of the residential leasing business of prominent Aberdeen and North East legal firm Raeburn Christie Clark & Wallace (RCCW). The deal means Lomond Capital now has assets worth £500 million under management in the region. It also adds 300 […]

Trump golf course scores £110,000 Holyrood tax rebate

Trump golf course scores £110,000 Holyrood tax rebate

American President Donald Trump’s luxury golf resort at Turnberry in Ayrshire has received a “mandatory” tax rebate. The £110,000 tax rebate for Trump Turnberry is part of an emergency bailout designed by Scottish ministers to help small businesses and reduce the property taxes paid by the hospitality industry. It was introduced by the Scottish Government […]

Embezzling accountant is struck off

Embezzling accountant is struck off

An accountant jailed for embezzling £25,000 from an upmarket Renfrewshire golf club has been struck off. John Doyle,65, of Newton Mearns, was sentenced in June to six months in jail, reduced from eight after pleading guilty, after taking the cash over a six-year period while managing secretary of Old Course Ranfurly Golf Club in Bridge […]

Scotland’s deficit cut to £13.3bn

Scotland’s deficit cut to £13.3bn

Scotland’s public spending deficit has been cut to £13.3 billion over the past year, according to official Scottish government statistics released today. The latest Government Expenditure and Revenue Scotland (Gers) report revealed the figure represented an 8.3 per cent share of Scotland’s GDP. Last year’s Gers figures had put the Scottish budget deficit at £14.8 billion, […]

One in five Scots living in their dream home – Halifax

One in five Scots living in their dream home – Halifax

One fifth of Scots claim to already live in their dream home as planning applications for home improvements slow to their lowest ebb in five year growth to stand at just 3 per cent, new data has shown. According to Halifax Insurance, since 2012 just over 92,000 planning applications have been submitted in Scotland, including everything […]

UK debit and credit card use soars

UK debit and credit card use soars

UK consumers are relying increasingly on plastic with figures for the spring and early summer showing a rise in the use of credit, debit and charge cards. The number of transactions grew by 12 per cent in the year to the end of June, the highest annual rate since 2008, according to UK Finance. The […]

Barclay report findings on business rates published

Barclay report findings on business rates published

The external Barclay review group has today published their 130+ page report on non-domestic business rates, proposing 30 recommendations for the Scottish Government to consider including: measures to support economic growth; modernise the rates system; and increase fairness. Among the specific recommendations made were: more frequent revaluations; reduction of large business supplement from 2.6p to 1.3p, […]