More than 733,000 retirees across the UK are preparing to return to work as the cost-of-living crisis escalates, according to new research by My Pension Expert. The UK’s leading at-retirement adviser commissioned an independent survey of 2,000 UK adults. It found that, for 12% of those in reti
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There has been a huge increase in demand for online advice around mortgage issues, new data from Citizens Advice Scotland (CAS) has revealed. The latest data report from the charity, covering August 2022, found a 25% increase in views of the web page “What to Do If You Can’t Pay Your Mor
In September, annual house price growth slowed to single digits for the first time since October last year, according to the latest Nationwide House Price Index.
Gen Z and Millenials are cutting their spending on hospitality and leisure activities as concerns over the cost of living rise, according to a new consumer survey from PwC.
Scottish SMEs have been hit with an estimated £42 million of unnecessary compliance costs – an average of £7m per year - due to the audit exemption threshold failing to rise in line with inflation since it was introduced in 2016, according to Donald Boyd, an SME growth expert from
Maggie Hicks, founder of SynSense, and Xiaoyan Ma, founder of Danu Robotics, plant a Hawthorn tree on University of Edinburgh’s King’s Buildings campus to mark the 100+ startups supported by Edinburgh Innovations over the last year Student startups from the University of Edinburgh have s
New Financial Conduct Authority (FCA) data has revealed that Distributed Denial-of-Service (DDoS) attacks on the financial sector significantly ncreased during the war in Ukraine.
As the the recent increases in petrol prices slightly unwound, the Consumer Price Index (CPI) recorded a 0.2% drop in inflation for August, bringing inflation to just below 10% at 9.9%. The drop was largely influenced by a 6.8% month-to-month fall in petrol prices, but at the same time food prices r
Aldi has become the fourth largest UK supermarket overtaking Morrisons.
The latest figures from the Office for National Statistics (ONS) have shown that the economy grew by 0.2% in July and output dropped by 0.6%. Services grew by 0.4% in July 2022, after a fall of 0.5% in June 2022, and was the main driver to the rise in GDP. Information and communication grew by 1.5%
Pinsent Masons' senior associate, Graham Horsman, discusses the current economic impact of interest rates on rent. Interest rates are on the rise and expected to hit unprecedented levels with some observers predicting a recession on the horizon – both of which will impact commercial tenants an
Around £500 million in savings have been found as resources are focused on tackling the “harsh reality” of the cost of living crisis, deputy first minister John Swinney has said. He updated the Scottish parliament on steps being taken to meet the increased costs of public sector pa
Homebuyer enquires in Scotland fell again during August as wider economic challenges impacted further on market conditions, the RICS Residential Market Survey revealed today. The latest results show that house prices in Scotland continued to rise, albeit at a less firm rate, but enquires, sales and
Accountants have given their immediate response to the announcement that Liz Truss is to be the new leader of the Conservative Party and the next Prime Minister, calling for "significant government support" to help people overcome the current financial challenges. Kirsty McGregor, founder of Th
Finance leaders have welcomed a statement issued by deputy first minister John Swinney today, committing both the Scottish Government and one of Scotland's biggest industries to maintaining close collaboration aimed at tackling the "rapidly escalating" cost crisis for households and businesses. The
