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Partners at Deloitte are to be hit with a 17% pay cut after revenue growth dropped during the coronavirus pandemic. All 709 equity partners of Deloitte’s UK operation will receive an average payment of £731,000 for the year to the end of May 2020, a drop from a record £882,000 in t

The use of technology and the adoption of digital innovation within Scottish businesses has accelerated at an extraordinary level in response to the COVID-19 pandemic, according to a new report by Addleshaw Goddard in partnership with the University of Strathclyde’s Fraser of Allander Institut

Jill Glen, director of Dunedin Advisory, highlights the long term impact for those struggling with debt at this time and outlines options which may help individuals plan ahead and remove uncertainty. Current financial help

An estimated 35,070 Scottish SMEs say it is likely their business will close permanently in the next 12 months as a result of the coronavirus crisis, with this figure rising to 54,776 in the event that a second national lockdown is introduced, according to a recent survey by Virgin Money.

Murray Jack, partner at Addleshaw Goddard, discusses how the coronavirus crisis could drive Scottish businesses to embrace private equity on a larger scale. Despite Scotland being home to a number of prominent private equity (PE) house the country has witnessed an element of resistance among some bu

Dundee-based accountancy firm MHA Henderson Loggie is to launch Start-Up Business Month in October, a new campaign to help the rising numbers of fledgling businesses get off the ground during the current economic crisis. The firm will provide expert advice to help budding entrepreneurs, start-ups an

The UK government borrowed £35.9 billion in August as the coronavirus pandemic took its toll on the public finances, according to the latest figures released by the Office for National Statistics (ONS). 

Ruari Fairbairns, the founder of One Year No Beer, has been named Great British Entrepreneur of the Year for Scotland and Northern Ireland at the Great British Entrepreneur Awards. Inspired by Mr Fairbairns' own personal journey, One Year No Beer is a global alcohol prevention program, aimed at anyo

The aquaculture sector contributed approximately £885 million to the wider Scottish economy and supported 11,700 jobs in 2018, according to new research commissioned by The Marine Scotland. 

To mark the end of Scottish Food & Drink Fortnight, Susan Dunlop shares a few thoughts on the prospects for the industry in the coming months with uncertainty dominating. For many of Scotland’s food and drink suppliers, producers and retailers, the last six months have been arguably the mo

A Scottish government report has estimated that extending the furlough scheme by eight months could save 61,000 jobs in Scotland. The new research estimates that the direct cost of extending the furlough scheme in Scotland to June is around £850 million, but the wider economic benefits, s

The Scottish economy contracted by 19.4 per cent in the second quarter of 2020 as the COVID-19 pandemic swept the country, new figures show. Economy Secretary Fiona Hyslop said the figures, which reveal a 21.1 per cent contraction over the year compared to Q2 2019, show the "extremely serious impact

Scottish retail is showing no return to growth as recovery stalls and sales continue to show a similar level of decline as that seen in July, according to latest figures. A report by the Scottish Retail Consortium (SRC) and KPMG LLP has shown that total sales in August this year decreased by 7.

The expected bill for unsustainable debts to UK firms has dropped by £10 billion to 'only' £20bn, according to TheCityUK. TheCityUK’s Recapitalisation Group (RCG), supported by EY, has today published updated projections for levels of unsustainable debt faced by SMEs.

The Scottish private sector returned to growth during August with business activity rising at the quickest pace for more than six years amid the fastest uptick in new work since late-2018, according to the latest Royal Bank of Scotland PMI. The seasonally adjusted headline Royal Bank of Scotlan