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The Scottish tourism industry is “at risk of total collapse”, according to industry body Scottish Tourism Alliance (STA).   The body has said that there are over 2,500 tourism businesses which are not receiving grant support from government and as a result companies that a

Between January and March 2020, Scotland’s employment rate dropped to 74.7% and the unemployment rate estimate rose over the quarter to 4.1% according to the latest Labour Market Statistics Update by the Office for National Statistics (ONS).  Jamie Hepburn, Scotland's business, fair work

Audit, tax and consultancy firm RSM has urged Scottish directors to act in the best interest of stakeholders warning that if they do not, they could be found personally liable.  Company directors are working hard to keep their business up and running and ready to get back to more normal trading

Andrew Phillips, solicitor advocate at Jones Whyte, explores the potential abuses of the coronavirus furlough scheme and issues a note of caution for businesses looking to utilise the scheme. In their recent COVID-19 update, the Serious Fraud Office (SFO) sought to assure us that they will cont

Permanent staff appointments and temporary billings across Scotland declined at the most marked rates on record during April, according to the latest Royal Bank of Scotland Report on Jobs.

Accountancy and business advisory firm French Duncan has helped hundreds of firms navigate their way through the coronavirus period. The firm has already submitted client claims that total over £2.5 million in furlough payments, nearly £5 million in Coronavirus Business Interruption Loan

British savers have accrued a staggering £119 billion in ISAs in the past 21 years that has been directed towards buying a home, new research from Scottish Friendly has revealed.

Insolvency practitioners across Scotland are preparing for an upsurge of insolvencies stemming from the economic impact of the coronavirus pandemic which is likely to accelerate the demise of companies that were struggling in any event. And they are warning that cash will be king in the coming reces

The Financial Conduct Authority (FCA) has today announced it intends to seek legal clarity on business interruption insurance to resolve doubt for businesses who are facing uncertainty on their claims. It is also proposing a series of measures to support both consumers and businesses who hold insura

RICS has urged the Scottish Government to re-examine commercial property use classes to aid flexibility of use going forward, as the Q1 2020 RICS Commercial Market Survey results point to a deterioration in market sentiment in Scotland, particularly in retail. Following what appeared

UK GDP growth is expected to range from around -5% to -10% for 2020, according to new analysis from PwC. This estimate reflects the growing body of evidence that the short term decline in activity due to the lockdown will be greater than originally anticipated.

Business confidence in Scotland fell 43 points during April to -50%, according to the latest Business Barometer from Bank of Scotland Commercial Banking.

The COVID-19 small business and self-catering grant scheme, set up to help companies stay in business during the coronavirus crisis, has now paid out £26.89 million to 2341 Highland businesses. The latest figures show that grants were given to 1341 businesses, to the value of £14.8m, wit

An unknown online fraudster has tried to sell the world's largest statue for $4 billion.  The fraudster attempted to sell the 'Statue of Unity' which is located in the western state of Gujarat in India, claiming that the proceeds from the sale would be used to help the Gujarat state govern

The number of Bitcoin ATMs jumped by almost 70% year-on-year, reaching more than 7,500 in April, according to the latest data gathered by Finanso.se.