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Changes to income tax in Scotland have come into force and are estimated to raise more than half a billion pounds of additional revenue this financial year to support vital public services. The tax rates for earnings between £12,571 and £43,662 remain the same while earnings above £

The Scotch Whisky Association (SWA) has slammed the decision by the Chancellor to raise duty on Scotch Whisky by 10.1%, in one of the largest tax hikes in recent decades, and further increase the competitive disadvantage faced by spirits. In the budget, the Chancellor increased duty across all four

The October 2022 Football Distress Survey, which has been conducted for over a decade by business recovery specialist Begbies Traynor, indicates that there has been a 50% rise in Scottish clubs showing signs of distress compared with March 2022. A total of nine clubs in Scotland (12.5%) are showing

Edinburgh-based manufacturer of golf technology and improvement products Shot Scope has raised £2.7 million in a series A funding round headed by Guinness Ventures which invested £2.1m. The round also includes investment from the Scottish Investment Bank, Old College Capital – the

The Bank of England's (BoE) Monetary Policy Committee (MPC) has voted to raise the base interest rate to 3%, a 0.75pp increase from 2.25%. This BoE interest rate hike follows the US Federal Reserve's decision to hike the US base rate by 0.75pp yesterday.

Despite ongoing inflationary pressures, construction firm Kier Group has been able to increase its adjusted operating profit and raise its operating margin while achieving a "significant reduction in debt. Announcing its results for the year ended 30 June 2022 this morning, the infrastructure servic

Edinburgh-based digital display technology business, Pufferfish, has launched a funding round to raise £600,000 as it prepares to capitalise on a rapidly growing global market for interactive, multi-sensory and immersive experiences. The tech firm is seeking the six-figure sum to expedite its

Businesses, consumer groups and financial and legal professionals are being invited to share their views on a proposed law which could substantially reform how Scots can raise finance. The Scottish Parliament’s Delegated Powers and Law Reform Committee has launched a consultation on the Scotti

A Picasso painting owned by Sir Sean Connery has sold for £17 million at an auction. The late actor's family listed the artwork for sale to raise funds for the Sean Connery Philanthropic Trust, which will share the proceeds between good causes in Scotland and the Bahamas, where he lived for ov

Legislation to support smaller businesses to raise finance, helping them maintain income and address rising business costs has been published by the Scottish Government. The Moveable Transactions (Scotland) Bill will give new opportunities to small and medium-sized enterprises (SMEs) and other busin

Orkney-based engineering company Orbital Marine has launched a crowdfunding campaign to raise £4 million to help kick start the next phase of its business. The firm intends to use the funds to enable the long-term commercial operation of a tidal stream turbine off the coast of Orkney.

Helena Murphy, a Glasgow-based entrepreneur who has helped more than 160 companies raise in excess of £50 million, says her home city should have a ten-year ambition to become the Silicon Valley of the UK. Ms Murphy, who founded Raising Partners in 2017, said Glasgow’s mix of talented en

Edinburgh-based hospitality tech disruptor ePOS Hybrid is aiming to raise £500,000 in its second seed funding round which will underpin its aggressive future expansion. The firm, which has offices in Edinburgh and London, has seen impressive demand from investors previously, achieving 145% ove

The family of Sean Connery has listed his £15 million Picasso painting for sale at an auction to help raise funds for Scottish charities. Sean Connery's family are Buste d’homme dans un cadre after he requested a philanthropic trust be set up in his name after his death.

People who antagonise alligators will face tougher penalties under a new law. The South Carolina House of Representatives has passed a bill to raise penalties for those who also try to feed the animals.