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Results from the latest British Chambers of Commerce (BCC) Coronavirus Business Impact Tracker reveal that the majority of UK businesses did not intend to seek financial support through CBILS bank loans and most of those who had applied were awaiting a decision or had been unsuccessful.

Kilmarnock-based Compass Self Drive car and van rental business is supporting key workers that rely on its services during the coronavirus crisis, thanks to new financial support from Bank of Scotland.

David Shadwell, an experienced financial services sector and SME business adviser, has been appointed as partner within Chiene + Tait’s (C+T) accounts and business support team. A University of Edinburgh graduate, Mr Shadwell returns to the UK after a nine-year spell in New Zealand.

Former UK Treasury official Sir John Kingman has been appointed as the new chairman of Edinburgh-based Tesco Bank. Sir John Kingman has considerable financial services experience gained as second permanent secretary at HM Treasury and chairman of Legal & General.

The latest Red Flag Alert data gathered by Begbies Traynor found there were large numbers of UK businesses experiencing significant financial distress at the end of March 2020, with the overall figure now exceeding half a million (509,000) for the first time.  The research has revealed the larg

Dundee-based Jute Properties will be more able to help its worst affected Business Centre tenants while they deal with the coronavirus crisis, thanks to new financial support from Bank of Scotland. Jute Properties purchased the Dundee One office block in 2017 and has subsequently developed the

The Association of British Insurers (ABI) is warning people to be on their guard against scammers looking to cash in on the financial hardship that coronavirus is causing for many families and firms. Fraudsters could offer bogus insurance products and high-risk investment and pension products. Attem

A temporary payments freeze on loans and credit cards for up to three months are amongst a package of targeted temporary measures confirmed by the Financial Conduct Authority (FCA) today to help people negatively affected by the coronavirus pandemic. Following a short consultation, the FCA will

Scottish businesses are threatening the Scottish Government with court action in order to claim grants they believe they are entitled to, as firms face financial difficulty amid the coronavirus crisis.

A £5 million package of emergency financial support has been announced by the Scottish Government in order to help students facing hardship as a result of the coronavirus outbreak. Extra cash will be made available to any university and college students now struggling as a result of COVID-19,

Chartered accountants Wylie & Bisset is advising professionals and other intermediaries with business clients concerned about financial distress resulting from the current social distancing measures to consider a DAS Debt Payment Programme. A Debt Payment Programme under the Business Debt Arrang

Steven McKay, head of employee benefits at chartered financial planners Mearns & Company, discusses the coronavirus pandemic and employee benefits. At Mearns & Company, we understand the disruption that the outbreak of COVID-19 has caused to everyone’s daily lives. 

The Financial Conduct Authority (FCA) has called for lenders to offer a temporary payment freeze on loans and credit cards for up to three months for consumers facing financial difficulties as a result of coronavirus. The watchdog has also called for arranged overdrafts up to £500 to be charge

The Financial Reporting Council (FRC) has today issued revised Standards for Investment Reporting (SIRs) 1000-5000, and a new SIR 6000 dealing with reports on Quantified Financial Benefits Statements (QFBSs) published in accordance with the City Code. The FRC has urged that Reporting Accountants (RA

The Financial Reporting Council (FRC) has today launched a consultation on the proposed adoption in the UK of International Standard on Assurance Engagements (ISAE) 3000, Assurance Engagements Other Than Audits or Reviews of Historical Financial Information. The FRC is proposing that compliance with