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The UK's Consumer Price Index (CPI) inflation fell to 10.1% in March, primarily due to dropping petrol prices.

The UK economy is predicted to avoid a technical recession and a calendar year contraction in 2023, with an anticipated growth of 0.2%, according to the EY ITEM Club Spring Forecast. The improvement is attributed to better-than-expected GDP in Q4 2022 and the expected rapid easing of inflationary pr

Governor Andrew Bailey has revealed that the Bank of England is contemplating reforms to the UK's bank deposit insurance guarantee scheme, which may result in increased protection for customers.

Glasgow-headquartered digital pharmacy Phlo Technologies has acquired of the UK arm of US-based healthcare unicorn Truepill for an undisclosed sum. The acquisition bolsters Phlo's position in B2B pharmacy services in the UK, where the market is on a strong post-pandemic upward trajectory, and includ

Fraser of Allander Institute has forecast a -0.7% contraction in the Scottish economy in 2023, returning to 0.9% annual growth in 2024. Uncertainties have increased due to concerns in global financial system and persistently high inflation. Lack of clarity on annual impacts on Scottish Budget and UK

Shares in Scotgold Resources have plummeted by over two-thirds (-68%) after it warned of its ability to continue.

The Industrial Biotechnology Innovation Centre (IBioIC) has appointed a new senior business engagement manager to support the growth of the Highlands and Islands’ bioeconomy. Annelie du Plessis joins IBioIC from Ethicon, a Johnson & Johnson subsidiary specialising in surgical technologies,

An expert has warned that the additional tax burden from the impending corporation tax hike could lead to a significant reduction in investment and the risk of businesses closing. Scotland’s business community will be under pressure to find an extra £1.5 billion per year of corporation t

Wealth management company, RBC Brewin Dolphin’s Edinburgh and Glasgow offices culminated two years of support for Scottish charity Held In Our Hearts with a donation of £39,000.

Responsible finance provider Social Investment Scotland (SIS) has appointed community finance expert Arran Dewar as executive director of SIS Ventures. Mr Dewar joins SIS Ventures from Inspiring Scotland, a venture philanthropy organisation which aims to improve the lives people from disadvanta

Pictured: PwC Scotland’s regional market leader, Jason Morris (centre), joined by YLVC’s fundraising engagement managers for scotland, Carol Jones and Scott Gibbins; and members of PwC Scotland’s Empowering Communities Committee, Katrina Murray (far left) and Margo Connell (far rig

Members of the Bank of England's monetary policy committee (MPC) have voted to to increase the bank rate by 0.5 percentage points to 4%. The meeting took place yesterday and the vote to increase the rate by 0.5pp was a majority of 7–2. This is marks the tenth consecutive increase. Two members

The latest findings from a Scottish business survey by the Scottish Chambers of Commerce (SCC) has revealed that Scottish businesses and the economy are faltering under increasing cost pressures and declining business confidence. As a result, cashflow and profits are falling, investment decisions ha

Tax increases on higher earners in Scotland have entrenched the divergence in income tax regimes north and south of the border, financial experts have said. John Swinney, the deputy first minister and interim finance secretary, yesterday announced an increase in the higher and top rates of income ta

Scotland’s national economic development agency Scottish Enterprise has been named as one of the key partners supporting AccelerateHER Awards 2023, a programme recognising and celebrating the achievements of the nation’s female-founded businesses. The 2023 awards were launched last month