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About one in eight of the 1.5 million small businesses in the UK who were encouraged to take out loans under the COVID-19 Bounce Back Loan Scheme have fallen into arrears on their repayments.

East Kilbride-based e-commerce business Dimensions Scotland has secured £522.5,000 from HSBC UK to purchase a new warehouse after demand for its services grew significantly during the pandemic. Dimensions partners with its customers by providing outsourced storage and order fulfilment services

Over one million people are considering a reduction to their pension contributions to deal with the cost of living crisis.

Edrington Group, the owner of The Macallan and Famous Grouse whisky brands, has seen its profits rise by 58% in the 12 months to March 2022. The firm's profits before tax came in at £271 million, while it benefitted from a 45% increase in core revenue to £821.2m and a 53% rise in core co

Lloyds Banking Group has announced the appointment of Scott Wheway as chair of Scottish Widows Group. Mr Wheway will also be appointed non-executive director of the banking giant and Scottish Widows. His appointment at the pensions firm will come into effect on September 12 this year.

Financial planning firm AAB Wealth has announced its expansion into Northern Ireland with the appointment of chartered financial planner, Alastair Moore, following the recent merger of AAB Group with FPM. Mr Moore, originally from County Down, Northern Ireland, previously worked for AAB Wealth for f

More than a third (36%) of Big Four accountancy firm EY's new equity partners are women, as the company promoted a record number of partners this year.

The Scottish Government announced this week that an additional £65 million of funding has been provided to Ukraine as part of UK’s military aid for Ukraine.

West Lothian-based pizza oven company Ooni is the fastest-growing private company in Scotland, according to the latest Sunday Times 100 rankings. The ranking, published today online identifies the UK's 100 leading entrepreneurial businesses.

A total of 323,700 customers are yet to renew their tax credits ahead of the deadline, with HMRC reminding them to do so by 31 July – or their payments will stop. Tax credits help working families with targeted financial support – so it’s important that customers renew before the d

Real estate advisor CBRE, alongside joint agent Ryden, has secured a new tenant for 58 Waterloo Street in Glasgow on behalf of the landlord, Castleforge. The National Federation of Self Employed and Small Businesses (FSB) has taken a suite on the eighth floor extending to 1,530 sq ft on a ten-year l

The Scottish Building Society has underlined its commitment to the country’s high streets, as it opens the doors of its new-look Troon Relationship Centre on Ayr Street, representing a five-figure investment to the local area. Derek Johnston, chief risk officer at Scottish Building Society, al

Consumer confidence in UK households has dropped to a new record low of -41, according to research conducted by German market research firm GfK.

HMRC failed to collect over £30 billion in 2021, according to new figures. Figures published by the tax authority revealed £32bn in tax went unpaid in the 2020-21 financial year. This marks 5.1% of the total that HMRC is owed.

The UK Government’s trading plan to sell part of its shareholding in Royal Bank of Scotland owner NatWest has been extended for another 12 months. A trading plan involves selling shares in the market through an appointed broker in an orderly way at market prices over the duration of the plan.