Search: financial focus

UK Government proposals to reform the calculation of the Retail Index Price (RPI) could cost £122 billion if plans go ahead to implement the changes in 2025, the Association of British Insurers (ABI) has found. It would affect savers, especially those with defined benefit pensions, as wel

UK businesses outperformed their international counterparts on a series of metrics tracking recovery from COVID-19 during July, according to Lloyds Bank.

UK Government debt has reached over £2 trillion for the first time.

The Scottish Government has announced a £1 million support fund for local businesses in Aberdeen who have been affected by the local lockdown restrictions which have been imposed in Aberdeen.

The Chancellor’s current Stamp Duty Land Tax (SDLT) is a potential future tax trap for buyers according to property management firm Apropos.  The firm believes that whilst welcoming the increased threshold of SDLT to £500,000 to kickstart the housing market after lockdown, the curre

Over five in six (86.1%) respondents to an R3 survey of insolvency professionals in the UK say they expect personal insolvency numbers to increase over the next year, with a significant proportion expecting a rise as early as this autumn.

Scottish company IndiNature, which makes ‘carbon negative’ insulation, has received an £803,000 grant from Zero Waste Scotland. The firm is the latest to receive a share of £8 million in funding for circular economy businesses administered by Zero Waste Sc

Glasgow Prestwick airport, which is owned by the Scottish Government, was back in profit after making a £1 million loss, before the coronavirus pandemic struck. 

The launch of a new app-based exchange feature by Edinburgh-based Zumo, the cryptocurrency wallet and exchange platform, has led to a surge in user demand as new investors continue the move towards bitcoin.  The Zumo App’s GBP exchange function allows users to easily buy, sell, send and s

The UK housing market had its busiest month for a decade in July as the value of property sales reached a record £37 billion, according to Rightmove.

Glasgow-based fashion company Quiz has agreed two months of breathing space with HSBC after agreeing an extension of its existing banking facilities from £1.75 million to £3.50m.

The Citizens Advice Scotland (CAS) has seen a 191% increase in demand for redundancy advice as the UK enters its first recession in 11 years.

Borrowing money from loved ones dropped by almost a third (30%) in the last year, then a further 44% during lockdown, according to the latest data from Bank of Scotland. 

NatWest Group has announced that it will be cutting 550 jobs in branches across the UK and closing one of its remaining offices in London. The bank, formerly known as RBS, said the cuts would be made through voluntary redundancies and said that there would be no branch closures.

The Scottish Government has announced that it will be investing £60 million in a Youth Guarantee to give all young people access to work, training or education. An implementation plan for Scotland’s Youth Guarantee is currently being developed. Funding will come from the additional &poun