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UK Government debt has reached over £2 trillion for the first time.

Just one-easy access savings account in the UK now beats the inflation rate marking another blow for families amid the current economic recession.

The Supreme Court has partially allowed the appeal in a case in which it was disputed whether the ultimate transfer of a pension fund to a personal pension plan attracted inheritance tax. It held, by a majority, that the omission to draw any benefits gave rise to a charge to inheritance tax, but the

Matt Henderson, restructuring partner at Johnston Carmichael, reflects on the speculation of imminent corporate failures in the UK stemming from the coronavirus pandemic.  There’s been a lot of concern expressed that an imminent rise in corporate failures is on the cards as soon as s

A new survey by the Scottish Chambers of Commerce has found that further direct financial support is needed to help firms deal with potential local lockdowns as over half of firms (56%) have reported lower levels of cashflow compared to one month ago. A total of 56% of the firms surveyed h

The Scottish housing market saw a rebound in interest and activity during July but surveyors remain cautious about the months ahead due to the uncertain economic outlook. 

Corporate insolvencies may increase this winter, with new research from the insolvency and restructuring trade body R3 indicating that a steep rise may start as early as this October. The R3 research – based on a member survey of insolvency and restructuring professionals – highligh

Alba Bank, the Glasgow-based challenger bank, is set to launch into the SME business market next year after a multi-million-pound funding round. By the end of next month, the bank expects to receive a restricted licence to accept deposits from the Prudential Regulation Authority which will allow it

Tom Nener, legal director at Pinsent Masons, highlights the importance of protecting your brand as criminals take advantage of the pandemic. The coronavirus crisis has provided a fertile platform for sophisticated counterfeiters, as highlighted in recent reports by cross-border law enforcement

The UK economic decline caused by the coronavirus pandemic will be less severe than first anticipated, however, recovery will also take longer, according to the latest data from the Bank of England (BoE). The bank currently expects the UK's economy to shrink by 9.5% this year. While this contraction

Gold prices broke through $2,000 an ounce for the first time yesterday as investors continued to seek a safe haven amid doubts over the dollar. 

A treasure hunter who posted his rare finds online has been arrested for allegedly plundering archaeological sites with a metal detector.

Nationwide has reported that house prices in the UK rebounded 1.7% month-on-month in July after declines of 1.6% in June and 1.7% in May. The Nationwide House Price Index found that the year-on-year change in house prices moved back into positive territory in July, rising 1.5%, this followed a dip o

A record 527,000 UK businesses were in significant financial distress at the end of June 2020 thanks to seven consecutive quarters of increased financial impairment, according to the latest Red Flag Alert research by Begbies Traynor.

During the three months of lockdown, Virgin Money, the owner of Clydesdale Bank, saw a near six per cent rise in business lending. On the other hand, personal lending at the bank dropped by 2.7% to £5.2bn, which Virgin Money said was primarily due to lower credit card balances.