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Scottish economic growth could exceed the wider UK economy in 2026, according to KPMG’s latest European Economic Outlook. KPMG forecasts Scotland’s GDP will grow by 1.2% in 2026, slightly ahead of the 1.1% growth rate forecasted for the UK. The firm’s report predicts Scottish busin

The number of families estates in Edinburgh and Glasgow subject to Inheritance Tax (IHT) is set to rise sharply by the end of 2026/27, according to a new report by Wright, Johnston & Mackenzie and Irwin Mitchell. The findings are based on a Freedom of Information request to HMRC and form part of

More than eight in ten Scottish small business owners (83%) cite barriers holding their businesses back from growing – with concerns over fixed costs and the cost of hiring skilled labour on the rise – according to Novuna Business Finance. The findings from Novuna’s Business Barome

The average selling price of property across Edinburgh, the Lothians, Fife and the Borders during March-May 2025 was £283,335, 3.6% higher than the same time last year. The most expensive region to buy a property was Edinburgh, with an average price of £301,077, while the most affordable

A Bank of England (BoE) rate-setter has played down the recent surge in UK inflation, reiterating his call for additional interest rate reductions. Alan Taylor, a member of the Monetary Policy Committee (MPC), attributed the latest inflation increase to "one-off factors", specifically citing US Pres

Scotland's largest lettings and estate agency has warned the UK government against imposing higher taxes on landlords, which it says would worsen the housing crisis. DJ Alexander Ltd says increasing taxes on rental income would result in reduced investment in the sector, the prospect of a fall in th

John Heaney Electrical Limited (JHE), the West Lothian-based electrical, mechanical and HVAC firm, has posted a record turnover for the third year running following a series of significant contract wins. The Livingston company’s latest set of financial results to the year end December 2024 sho

The US Treasury Department has confirmed that the production of one-cent coins, commonly known as pennies, will cease next year, marking the end of an era for the coin that has been in circulation for over two centuries. The decision follows a directive from US President Donald Trump to Treasury Sec

The Edinburgh Boiler Company (EBC) has announced a record turnover of £7.2 million for the financial year ending 31 March 2025, a 60% increase from the previous year's £4.6m. This strong performance is largely attributed to the company's strategic expansion into the renewable energy sect

UK inflation jumped more sharply than anticipated during April, reaching 3.5% – its highest level in over a year. The Office for National Statistics (ONS) reported that the surge in the consumer prices index (CPI) for April was largely driven by dramatic increases in regulated household costs,

The renowned Isle of Skye restaurant, The Three Chimneys, and the island's oldest distillery, Talisker, are elevating their collaboration to champion the rise of the gastro-distillery. In spring 2024, The Three Chimneys and Talisker came together for the first time to launch an immersive pop-up dini

Interest from American buyers in UK property has reached its highest level in eight years, with Edinburgh emerging as the most popular destination, according to new figures from Rightmove. The data comes shortly after it was revealed that applications for UK citizenship from US nationals are at reco

Port of Aberdeen, the UK's oldest existing business, has announced a turnover of £50.7 million and a pre-tax profit of £16.5m for 2024. This marks the first full year of operations since the opening of its £420m South Harbour expansion, which has significantly contributed to the po

Scottish investors demonstrated a strong start to the year, with initial contributions to new individual savings accounts (ISAs) surging by an average of 19% in the first quarter of 2025 – the biggest quarterly rise of any UK region, according to Scottish Friendly.

Peter Cowan CA, director of audit and accounting at Aberdeen-based firm Hall Morrice, has been named Rising Star at the inaugural Finance & Accountancy Business Awards. Known as the “Fabbies” the awards recognise outstanding achievements in finance, accountancy and tax across North E