Search: raise

The Bank of England (BoE) has again decided to maintain the base interest rate at 5.25%. This decision came amidst Governor Andrew Bailey's assertion that considerable effort is still needed to bring inflation down to the standard 2% target. The Monetary Policy Committee (MPC) voted six to three in

November marked a significant turnaround in Scotland's recruitment sector with a renewed rise in hiring activity, as revealed by the Royal Bank of Scotland Report on Jobs.

The Aberdeenshire-based housebuilding and construction group Bancon Group has posted a robust year of trading, marked by a 33% increase in its homes business and a 16% rise in overall turnover, for the year ended March 2023. Turnover for the year was up £18 million on the previous year to &pou

Housebuilder Springfield Properties plc has announced the sale of 45 acres of land for £4.2 million. The transaction, involving land equivalent to 190 plots, is part of Springfield's strategic effort to reduce its debt, which had risen to £67.7m by 31 May 2023, up from £38.1m the p

Edinburgh-based telecoms provider Commsworld has reported pre-tax profit of £3.3 million in 2022 and a 16 per cent increase in turnover to £27.9 million. The company has recently won contracts to build digital infrastructure for Glasgow, North Lanarkshire and Northumberland councils, as

Chancellor Jeremy Hunt has announced a slew of financial measures aimed at bolstering the economy by aiding businesses, pensioners, the hospitality industry, and the self-employed.

Resilient consumer spending may have helped the Scottish economy avoid a recession, but economic growth has been flat since Q2 of 2022 and will remain into 2024 when GVA is expected to rise by 0.3%, according to the EY ITEM Club Scottish Autumn forecast. The forecast adds that sentiment among busine

HM Revenue & Customs (HMRC) is bracing for a surge in taxpayer queries and potential operational strain as an estimated 1.2 million individuals have found themselves liable for tax on savings interest due to increased earnings and higher savings rates.

A campaign to boost the number of businesses which become real Living Wage accredited has led to 12,000 Edinburgh workers receiving a direct, guaranteed uplift in pay over the past decade.

Recent reports indicating that the UK government is contemplating a reduction, and eventual abolition, of Inheritance Tax (IHT), have been welcomed by Scottish estate and letting agency DJ Alexander Ltd. Described by many homeowners as the UK's most inequitable tax, IHT accrued £3.9bn between

Business confidence in Scotland has taken a dip this October, decreasing by seven points to a standing of 26%, according to the latest Bank of Scotland Business Barometer. Despite the overall drop, Scottish companies portrayed an upbeat attitude regarding their individual business outlooks, noting a

The business landscape in Scotland has become increasingly strained due to a combination of high interest rates and escalating operating costs, leading to growing numbers of businesses experiencing either early or advanced financial difficulties. As detailed in the latest Red Flag Alert data fr

The UK government's potential reduction in stamp duty has sparked calls for similar cuts in Scotland, where the current land and buildings transaction tax (LBTT) imposes higher costs on homebuyers, particularly first-timers and those purchasing properties over £325,000. Estate and letting agen

CPI Inflation in the UK has remained steady at 6.7% in September, defying the Bank of England's prediction of 6.9%. This consistent figure, primarily influenced by a rise in petrol costs counterbalanced by a decrease in food prices, reinforces expectations that the Monetary Policy Committee (MPC) wi

A study of 1,000 parents has revealed that seven in ten (70%) have never switched their children’s savings into an account paying a higher rate of interest.