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October saw footfall numbers in Scotland down 0.6 per cent year-on-year but better than the 0.8 per cent decline recorded in September, according to latest figures. The data from the Scottish Retail Consortium and Springboard also showed that the vacancy rate in Scotland was 8.7 per cent, a sharp fa

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Oil price should return to $80 a barrel by 2020, according to the International Energy Agency (IEA). The IEA’s Word Energy Outlook, which was released this week, found the sudden plunge in price had “set in motion the forces that lead the market to rebalance, via higher demand and lower growth i

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House prices in Scotland are set to jump by almost one-fifth over the next five years, according to Savills. The estate agents has cited the economic recovery that is spreading across the UK as reason for its prediction that the average Scottish property will cost £160,339 by the end up 2020 – 14

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Statistics announced today by Scotland’s Chief Statistician in the latest Retail Sales Index for Scotland release covering the period July to October 2015, has shown that the volume of Retail Sales in Scotland increased by 1.0 per cent in the third quarter of 2015 and grew by 4.0 per cent annually

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The ‘bank of mum and dad’ has become an increasingly vital resource for today’s generation of first-time homebuyers, but it seems the once informal family agreements are now being drawn-up with strict legal constraints. According to lawyers, the benevolence of some parents starts and stops wit

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Some 441,000 working Scots are being paid less than the Living Wage, according to research published today by KPMG. The latest figures from 2014, indicate one in five employees in Scotland earn less than the Living Wage – an increase of one percent from last year of 19 per cent).

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Property prices in the countryside are, on average, £27,047 (17 per cent) higher than in urban areas, according to the latest annual Bank of Scotland Rural Housing Review. The premium has widened from 14 per cent, or £17,539, over the last decade, the Edinburgh-based bank said.

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The number of Scottish firms failing in the third quarter of 2015 fell by 8.6 per cent to 180 from197, according to analysis of the latest figures from corporate lawyers Morisons LLP. The latest Accountant in Bankruptcy (AiB) figures show that there was a fall of 13.9 per cent in the number of compa

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The number of mortgage approvals in September was 24 per cent higher than a year ago, with remortgaging up 40 per cent and house purchases up 14 per cent, according to the British Bankers Association’s High Street Banking Statistics for September. First-time buyers continue to find good deals avai

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Latest figures from KPMG have revealed that the number of Scottish firms going bust has fallen to pre-recession levels. The global accounts said there was a 30 per cent year-on-year drop in the number of corporate insolvency appointments north of the border from July to September 2015.

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The UK treasury has reported that the first six months of this year saw it suffer a multi-million pound loss on North Sea oil and gas for the first time in the industry’s 40 year history. The unwelcome event comes amid the effects of the languishing global oil price which saw dipping government re

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HM Revenue & Customs has named and shamed a dozen Scottish businesses including a garage, a taxi business and five hairdressers, for failing to pay workers the national minimum wage. They were on a list of more than 100 UK employers identified by the UK government following HMRC investigations.

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The NHS in Scotland must undergo fundamental change is if it is to cope with demand, according to the financial watchdog Audit Scotland. A new report into the performance of NHS Scotland from Audit Scotland has warned that the pressures of increasing demand, growing staff vacancies and rising costs

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Footfall numbers in Scotland for September were down 0.8 per cent year-on-year but up on the 1.5 per cent fall recorded in August, according to latest data from the Scottish Retail Consortium. September’s performance is the best result for Scottish high streets since February 2015, excluding Easte

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