A report from the Scottish Affairs Committee (SAC) has concluded that the Barnett formula is fit for purpose and that there is not a clear need to reform it significantly. However, whilst the committee supports the continued use of the formula, it does acknowledge that the Barnett formula is imperfe
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An East Renfrewshire estate agency is celebrating a period of rapid growth, culminating in the opening of a new office and an expanded team, following targeted support from Business Gateway. Originally set up as Fraser Kelly Estate Agent in January 2022, the business rebranded to Kelly Residential i
The Financial Conduct Authority (FCA) has fined Barclays Bank UK PLC and Barclays Bank PLC a total of £42 million for separate instances of failings in its financial crime risk management – one relating to WealthTek and one relating to Stunt & Co. Barclays Bank UK PLC will make a vol
In her second Mansion House speech, delivered last night, the Chancellor, Rachel Reeves unveiled a wide-ranging set of regulatory changes aimed at stimulating growth in the financial services sector. Commenting on the announced plans, Bruce Cartwright CA, CEO of the Institute of Chartered Accountant
A woman who allegedly seduced and then blackmailed Buddhist monks has been arrested by police in Thailand. "Ms Golf", as she has been dubbed by police, allegedly extracted 385 million baht (c. £8.8m) from at least nine victims over three years, the BBC reports.
Chancellor Rachel Reeves has unveiled a package of reforms for the UK’s financial services industry, aimed at cutting red tape and stimulating much-needed economic growth. Billed as the most significant overhaul in over a decade, the "Leeds reforms" are intended to reinvigorate an economy that
The number of overdue invoices on the books of Scottish businesses hit more than 1.8 million in Q2 2025, according to new research from R3. The restructuring, turnaround, and insolvency trade body's analysis of data provided by Creditsafe shows there were 1,820,706 overdue invoices on the books of S