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The UK economy recovered from the COVID-19 pandemic faster than previously believed, according to new revision from the Office for National Statistics (ONS).

Prime city centre office rents in Edinburgh are rising at their fastest rate in nearly a decade, according to analysis from Knight Frank.

One year after the 10.1% hike in alcohol duty, gin and whisky makers say the boom industry has been stifled. The August 2023 hike, the largest in almost 50 years, saw prices rise significantly. ONS data reveals the average price of red wine increased by 8%, gin by 6%, and fortified wine by 17%, acco

The Bank of England's Monetary Policy Committee (MPC) has voted to reduce the base interest rate by 0.25 percentage points to 5%. The decision passed with a 5–4 majority vote, with four members favouring a further rate hold. Jill Mackay, savings specialist at Scottish friendly, highl

The number of companies in Scotland filing for administration during H1 2024 has dropped by 15% compared to the corresponding period last year, according to figures from Interpath Advisory. Analysis of notices in The Gazette by Interpath shows there were 28 administrations in Scotland in the first s

Aberdeen-based accountancy firm Hall Morrice has hired 14 new staff members. The new positions, which include nine chartered accountant trainees – the firm’s largest intake ever – three accountancy placement students from Robert Gordon University (RGU), an audit/business advis

Highlands and Islands Enterprise (HIE) has reported that its support for Moray businesses and communities in the last financial year will lead to the creation or retention of over 100 jobs. The agency's outturns for 2023/24 were achieved through a combination of financial and non-financial intervent

Edinburgh’s house price growth is inevitable due to its unique circumstances according to DJ Alexander. The lettings and estate agency said that over the last decade Scotland’s capital has benefitted from double digit population growth of well-qualified, well-paid, working age people fro

Business confidence in Scotland has increased marginally quarter-on-quarter but lags the UK average, according to ICAEW. Sentiment tracked by ICAEW’s Business Confidence Monitor (BCM) for Q2 2024 put confidence at 15.6 on the index, up from 15.4 the previous quarter and ahead of the historical

The UK's GDP grew 0.4% during May, leading experts to suggest the Bank of England may further delay a cut to the base rate.

Highlands and Islands Enterprise (HIE) has reported a strong year of investment and job creation, with over 1,200 jobs set to be created or retained in the region, including 82 jobs in fragile areas. The outturns for 2023/24 were achieved through a combination of financial and non-financial interven

A new survey by HSBC UK reveals Scots are more confident about their debt management knowledge than the rest of the UK, as 72% of Scottish respondents understand debt consolidation, exceeding the UK average. In Glasgow, this figure rises to 76%, demonstrating a strong awareness of financial options.

Civil engineering firm Kilmac has reported a nearly 30% rise in profit to a record £1.7 million in the year to September 2023. The Dundee-based business saw turnover increase to a record £26.57m, up from £25.65m in the previous year.

EY Scotland has appointed seven new partners and elevated an existing partner to equity partner. Will Asher, Mark Higgins, Laura Mitchell, Fiona Queen, Richard Rainey, Ross Robertson, and Mike Winn have been appointed partners. Tom Sanders, who was appointed partner in the Aberdeen practice in

UK economic growth in Q1 2024 was marginally stronger than initial estimates, revised upwards to 0.7% from 0.6%, according to the Office for National Statistics. National accounts for the first quarter showed the rise was fuelled by consumer spending and net trade, though slightly offset by weaker b