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The UK is facing a 'new and unprecedented debt crisis' in the wake of COVID-19 as the number of people affected by coronavirus who are in severe problem debt has risen to 1.2 million, according to a new report by debt charity Step Change. Step Change's Tacking the Coronavirus Personal Debt Crisis re

Scottish businesses are facing a wave of compensation claims following a sharp rise in Employment Tribunal applications during the COVID-19 pandemic. New figures show that more than 800 single tribunal claims were lodged in Scotland between April and June – up 21% on the same period last year

The Institute of Directors (IoD) is urging the UK Government to reinstate a key insolvency protection for company directors to prevent a sharp rise in insolvencies as restrictions come into place across the country. Earlier this year, the government suspended ‘wrongful trading’ rules, un

More than 100 graduates have started their career at PwC after a rise in virtual recruitment enabled the firm to grow across its three Scottish offices. The record autumn intake of 108 student joiners had to rely on digital induction after taking delivery of company laptops to their homes as ongoing

UK house prices rose 1.6% month-on-month in July, marking the first increase since February and the largest rise since December 201, according to the latest Halifax House Price Index.

Neil Cameron, payroll senior manager at Chiene + Tait, is among three Scottish-based accountants behind a new UK-wide membership organisation aimed at raising the profile of the payroll profession. Mr Cameron has joined forces with fellow professionals Michael McAllister at&

Edinburgh-based financial services provider Aegon UK has posted full-year earnings of £122 million for 2019, a £12m rise from 2018. The firm's new boss, Mike Holliday-Williams, said that the changes implemented within the company since his appointment in October 2018 have meant that the

The Scottish labour market benefited from a rise in permanent staff appointments continued during January, according to a new Royal Bank of Scotland (RBS) report. The increase was the fastest in the current three-month sequence of expansion and solid overall, according to the latest RBS Report on Jo

Edinburgh-based IndigoVision has seen a 9% rise in sales reaching $50.1 million for the financial year ended 31 December 2019. IndigoVision is a leader in the design and supply of high performance, highly-intelligent video security systems for security installations of differing sizes and complexity

Johnston Carmichael's new chief executive Andrew Walker has outlined the firm's plans to expand its presence in Glasgow on the back of its rise in growth and profits this year. In an exclusive interview with The Herald, Andrew Walker hailed 8% growth in revenue to almost £50 million,

More than three quarters (78%) of small businesses surveyed in Scotland have seen the cost of their energy supply rise by at least £100 per year – with one in ten (12%) forking out an additional £500 or more, according to an independent survey commissioned by Utilita Energy. The re

Partner and head of banking and finance at Lindsays, Gavin Buchan, discusses how the rise of new finance possibilities is a positive development for all. When anything crashes and burns, there is often something that rises from the ashes. Since the economy emerged from the other side of the global f

Business confidence within the oil and gas sector has increased with 43% of contractors reporting a rise in production activity, up from 28% 12 months ago, according to the 31st Oil & Gas survey conducted by Aberdeen & Grampian Chamber of Commerce. The survey of 90 UK firms employing ar

The number of new business launching in West Dunbartonshire has risen in the last year from 202 in 2018 to 207 this year. Business Gateway, operated by West Dunbartonshire Council's business support team, assisted 22.5 startups per 10,000 population – higher than the whole of Scotland average

Challenger bank Monzo now has three million customers, with sign-ups continuing to rise for the app-only bank. Monzo reached the milestone only four months after acquiring two million users and the company said it is currently taking on 55,000 new customers every week.