TSB has provided cash flow to small and medium-sized business suppliers across the UK during the pandemic, paying 96% of invoices within seven days over the last six months. According to the Federation of Small Businesses, over £23 billion of late invoices are owed to businesses across Britain
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Edinburgh-based real estate consultants ESPC has revealed the top selling areas in Edinburgh, the Lothians, Fife and the Borders throughout 2020.
CBI Scotland has called on finance secretary Kate Forbes to prioritise support, skills and sustainability in the forthcoming Budget to kickstart economic recovery and avoid the risk of losing further months of stymied activity and uncertainty to the pandemic. With the Scottish economy struggling wit
Investment in Scottish commercial property dropped to £1.2 billion in 2020 as lockdown measures and economic uncertainty curbed deal-making, according to the latest data released by Knight Frank. However, Scotland proved its resilience as the most popular UK destination for overseas investment
Barclays Corporate Banking has found that optimism in the financial services sector is high as it enters into 2021.
Consumer price inflation rose slightly more than expected to 0.6% in December from a three-month low of 0.3% in November, according to the latest figures released by the Office for National Statistics (ONS).
Aberdeenshire Council has appointed its head of finance Alan Wood to the interim position of director of infrastructure services. Mr Wood takes up the role with immediate effect following the retirement of Stephen Archer in December.
Scotland has officially recorded only one high-profile fraud case for the entire period of 2020 as COVID-19 continues profound logistical challenges for the country’s justice system. The latest data from KPMG’s Fraud Barometer report reveals a single case of alleged fraud, valued at more
Business activity at small firms fell in December for the third month in a row as challenging economic conditions continued to disrupt demand and push up costs leading to job cuts, according to the latest Royal Bank of Scotland Small Business PMI.
The Scotch Whisky Association (SWA) has called for a cut to excise duty in its submission for the March Budget later this year. The SWA has said that cutting tax on Scotch Whisky and other spirits in the Budget could give Chancellor Rishi Sunak an extra £750 million to spend over the next thre
The office market in Edinburgh remained robust in 2020 despite the upheaval of COVID-19, according to the latest figures on the office markets in Edinburgh and Glasgow released by CBRE. Over the final quarter of 2020, office take-up in Edinburgh totalled 103,444 sq ft, which is only a 2.46% decrease
During 2020 there were a record number of new limited companies set up to hold buy-to-let properties, according to research published by Hamptons. Last year there were a total of 41,700 buy-to-let incorporations, an increase of 23% on 2019. The numbers have more than doubled since 2016, rising 128%,
A woman who ran two Fife hotels has been jailed for a £380,000 VAT fraud. Lesley Dykes of Markinch stole the money during a five-year fraud, an HM Revenue and Customs (HMRC) investigation revealed.
An increasing number of wealthy families in the UK are making more claims for inheritance tax repayments under a little-known rule that allows refunds on share and property losses. Under the rule, executors are allowed to apply for IHT refunds on losses made ont he sale of inherited securities, incl
The UK economy shrank by 2.6% in November as fresh lockdown restrictions came into place in England, according to the latest figures released by the Office for National Statistics (ONS).
