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Finance secretary Kate Forbes is urging MSPs to back the Budget Bill when it comes before Parliament for the first time today. Ms Forbes stressed that the Scottish Budget 2021-22 – incorporating additional measures outlined to Parliament last week including the extension of 100% rates relief f

The volume of Scottish home sales fell by almost half in January according to an analysis of the latest Scottish Government data by property firm Apropos. The firm found that residential property transactions in Scotland fell by 48% between December and January from 13,570 to 7,050.

The UK Government has announced enhanced financial support for the seafood industry with cash grants for seafood and aquaculture businesses across the UK.

Scotland’s scale-up – or fast-growth - businesses finished 2020 on a buoyant, optimistic note, with almost £100 million in Venture Capital (VC) investment, according to the latest figures from KPMG. Despite COVID related restrictions hitting the economy hard, the latest KPMG Ventur

Scottish startups continued to flex their strengths in 2020 with tech companies across the country raising a collective £345 million in venture capital funding, according to new data by Tech Nation, the growth platform for tech companies and leaders, and job search engine Adzuna.

British households repaid the most money borrowed on credit cards and loans in 2020 since records began despite the economic uncertainty caused by the coronavirus pandemic.

Joanne Gillies, partner and insolvency disputes specialist at Pinsent Masons, discusses the impact of a ruling by the Court of Session allowing banks to claim debtors' PPI cash payouts.  Banks will be able to reduce the amount of compensation paid to customers who claimed they were mis-sold pay

Vector Capital plc, a commercial lending group that offers loans to businesses in the UK, has posted a robust full year performance amid the economic uncertainty of COVID-19. To the year ended 31 December 2020, Vector Capital has delivered a robust performance, in line with management expectations,

As mainland Scotland entered the third coronavirus lockdown under national guidelines, the housing market braced itself for another slowdown following attempts to catch up due to the four-month shut down which commenced in March 2020. To restart the housing market, encourage vendors to increase thei

The Scottish Government has unveiled proposals for a new model of green ports focused on inclusive growth, fair work practices and delivering a net-zero economy. The Scottish Government is developing plans to establish fair, sustainable, green ports. These would adapt the UK government’s freep

A report led by Dame Sara Thornton, the UK's Independent Anti-Slavery Commissioner, has found worryingly low levels of awareness of forced labour and exploitation of workers in the UK's financial sector.  It found that nearly half of bankers and other finance staff don’t know about the na

FRP Advisory, the liquidators of Patisserie Valerie, has launched a £200 million legal claim against the cake chain's auditor Grant Thornton. Patisserie Valerie went into administration in January 2019 following the emergence of an accounting scandal.

Competition for investment is set to intensify after the London Stock Exchange (LSE) closed last year with a flourish of activity, which is predicted to continue in 2021, according to EY’s latest market tracker IPO Eye. After a subdued first half in 2020, in Q3 we saw the re-emergence of IPO a

Sharon McDougall, part of Begbies Traynor's Scotland Debt Solutions Team, discusses how a personal debt crisis can be handled during the current COVID-19 pandemic. The coronavirus pandemic has been a testing period for workers across the country as work reduces, income halts and employees are placed

The Financial Reporting Council (FRC) has launched a consultation on the proposed revision of the standards for an audit firm’s responsibilities to design, implement and operate a system of quality management. The FRC proposes to adopt International Standard on Quality Management (UK) 1 Qualit