Search: financial focus

KPMG has made a number of senior external appointments across its Scottish offices. Russell Irwin has joined KPMG’s Edinburgh office as a director supporting Sam Subesinghe leading the IT advisory and technology risk team in Scotland, as part of KPMG’s management consulting function.

Scots are increasingly more confident about their ability to repay debts according to PwC’s latest report on the consumer credit industry. The ‘big four’ firm’s ‘Precious Plastic: How Britons fell back in love with borrowing’ report found that only just over one in ten are worried about

Flaws in the insolvency system have been exposed by the collapse of delivery firm City Link, according to two groups of MPs. A joint report from two parliamentary committees has concluded that the current system is too heavily skewed in favour of investors over workers.

Financial disputes do not always arise from complex lending structures or security arrangements. Sometimes they emerge from something far more fundamental: whether a contractual obligation to pay has actually become due. An issue which recurs in banking and finance transactions concerns the relation

The Bank of England has left interest rates unchanged at 3.75%, with policymakers opting for caution as they assess the impact of recent energy market volatility and inflationary pressures. The Monetary Policy Committee voted 7-2 to keep Bank Rate on hold at its June meeting, although two members ba

The UK Consumer Price Index (CPI) held steady in May, rising by 0.2%, the same rate as in May 2025. 

EY has appointed ten new Partners in Scotland, demonstrating its continued commitment to the local market with significant further investments in talent and its office real estate. The new partner appointments follow a sustained period of investment in EY’s Scotland practice over the last year

The amount of money people invest when they first open an Individual Savings Account (ISA) has jumped by 84% in a year, according to proprietary data from Scottish Friendly. The modern mutual’s data shows that opening values have been steadily increasing over the last four quarters, data for Q

UK Finance’s latest Annual Fraud Report shows its members reported that criminals stole £1.28 billion through payment fraud in 2025, an increase of four per cent. This demonstrates how fraud continues to operate on an industrial scale and is a national security threat.

  UK adults are building cash savings, but a reluctance to invest means millions may risk missing out on potential long‑term growth, new research from Scottish Friendly has found.

HSBC UK has provided a Dundee-based manufacturer with over 150 years of heritage a £2.5 million funding package, supporting its transition to employee ownership.

Bunq, Europe's second-largest digital bank, is preparing to apply for a full UK banking licence, as the Dutch fintech seeks to expand its presence in the UK and compete with sector leader Revolut. The $2 billion (c. £1.5bn) firm, which reached 20 million users within a decade, is understood to

Azets has launched a dedicated service designed to help international firms establish, invest and expand in Scotland and the UK through a single, coordinated point of contact. Led from Scotland and supported by specialist teams across the UK, the Scotland Desk provides overseas investors and their a

A new industry-led company backed by the UK's largest banks and a string of fintech firms has launched a payments scheme intended to provide a credible alternative to card networks and direct debit. UK Payments Initiative Ltd (UKPI) went live at the Money2020 conference, with founding shareholders i

Chancellor Rachel Reeves is set to introduce a 22% tax charge on interest earned from uninvested cash held within Stocks and Shares ISAs. Expected to take effect in April 2027, the proposed levy is designed to prevent savers from bypassing incoming restrictions on cash savings and to drive more dome