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Ahead of its centenary year, construction firm Morris & Spottiswood has announced record turnover of £128 million in 2023, a 25% rise from the previous year. Part of the Morris & Spottiswood Group, its founding business, Morris & Spottiswood Ltd, also achieved an operating profit o

PwC UK partners have seen their average pay drop to £862,000 this year, a 5% decrease from £906,000 last year. This comes as the firm's revenue growth slowed to 9%, down from 16% the previous year. Profits also fell by 14% to £1.1 billion.

An anti-monarchy campaign group Republic has published a report alleging that the "true cost" of the monarchy to the public is now £510 million annually. This is significantly higher than the Sovereign Grant, which funds the Royal Family's official duties and is set for a significant increase

EY partners have been told to expect a second consecutive year of pay cuts, while many senior staff will not receive a salary increase this year.

UK inflation has remained flat at 2.2% in August, despite a significant surge in airfares. The Office for National Statistics (ONS) reported that lower fuel prices and slower increases in restaurant costs offset the rise in flight costs. This news comes as the Bank of England is expected to maintain

Alliance Trust discusses the recent market shocks experienced during the August turbulence, which was marked by a sharp initial decline followed by a rebound. The Dundee-headquartered investment firm attributed the volatility to several factors, including worries about slowing economic growth in the

A major divide in new construction investment has opened between Scotland and the rest of Britain, according to a new report by Barbour ABI and the Construction Products Association (CPA).

The UK's national debt is projected to treble over the next 50 years, driven by an ageing population, climate change, and geopolitical tensions, according to the Office for Budget Responsibility (OBR). In its latest Fiscal Risks and Sustainability Report, the OBR revealed that without increased

The UK economy has experienced a second consecutive month of stagnant growth in July, with GDP remaining flat.

Scottish accountancy firm Wbg has urged entrepreneurs to prepare for potential capital tax hikes in Chancellor Rachel Reeves' upcoming budget on 30 October. The advice follows figures from the Office for National Statistics (ONS) showing that UK government borrowing hit a higher than expected £

Average house prices rose £5,368 in Scotland last year, according to DJ Alexander. The Scottish lettings and estate agency said that the latest data from the monthly house price index published today shows that between July 2023 and June 2024 average house prices in Scotland increased from &po

The average selling price of property in Edinburgh, the Lothians, Fife and the Borders was £287,488 in June-August 2024, an annual increase of 2.3%, ESPC reports. Most of the regions enjoyed similarly small but healthy increases in average selling prices, with the Borders seeing a 3.4% annual

House prices in Scotland's island regions have outpaced those in the rest of the country, with a 30% increase to £182,000 since 2018, according to Registers of Scotland. This compares to a 23% rise on the mainland, where the median now stands at £185,000, its report states.

Shoplifting is up by more than a third since last year, according to new police figures. The latest recorded crime figures reveal that 40,554 alleged shoplifting crimes were reported to police in the year ending June 2024, up from 30,202 the previous year and 27,045 in the year ending June 2020.

Over 50 new jobs are set to be created or retained in Caithness and Sutherland thanks to support given by Highlands and Islands Enterprise to local businesses and communities during last financial year. HIE's outturns for 2023/24 were achieved through a combination of financial and non-financial int