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The coronavirus pandemic means government spending has increased immensely, with the IMF calculating it to be a staggering $9 trillion. For ACCA, the World Bank and IFAC, the concern is that public sector fiscal commitment and interventions are not being captured accurately by governments

New figures published today by LINK, the UK’s main cash machine network, shows that ATM usage is increasing since the early days of lockdown. 

UK car manufacturing output has declined -42.8% in the first half of the year, marking the lowest decline in the industry since 1954.

Lloyds Banking Group, the owner of Bank of Scotland, has posted a £602 million pre-tax loss for the first half of this year, as the bank set aside £2.4 billion for bad loans. António Horta-Osório, chief executive of Lloyds, said that the coronavirus pandemic had a "profound

The Uist Distilling Company is planning to open a £6.5 million new distillery on the island of Benbecula.

Armadilla Ltd, a family-run design and manufacturing business in Midlothian, is set to benefit from the global staycation market as it emerges from the lockdown with a growing order book for its innovative, luxury, eco-friendly accommodation pods.

A record 527,000 UK businesses were in significant financial distress at the end of June 2020 thanks to seven consecutive quarters of increased financial impairment, according to the latest Red Flag Alert research by Begbies Traynor.

A man who bought a Lamborghini and other luxury items after receiving almost $4 million in coronavirus loans has been charged with fraud.

Major retail property owner Legal & General has changed its leasing model from one of long-term leases to flexible terms that see rent linked to store performance. The financial services group is implementing the model across its £4.5 billion UK portfolio.

Glasgow-based civil engineering firm MHB Consultants has become employee-owned, with 40 members of staff given a stake in the business. The engineering design consultancy, founded by managing director Hendrie Barbour in 2006, specialises in bridge design, civil and geotechnical engineering, temporar

Edinburgh-based PR firm Muckle Media has announced a number of innovative support programmes, including a £20,000 PR grant fund to help businesses use PR and marketing to support economic survival. The £20,000 Muckle Helps grant is a 100% free pot of PR fee funding, which opened for appl

Furloughed employees who are then made redundant will receive redundancy pay based on their normal wage, under new laws being brought in today by the UK government. Employees with more than two years’ continuous service who are made redundant are usually entitled to a statutory redundancy paym

Nationwide has reported that house prices in the UK rebounded 1.7% month-on-month in July after declines of 1.6% in June and 1.7% in May. The Nationwide House Price Index found that the year-on-year change in house prices moved back into positive territory in July, rising 1.5%, this followed a dip o

NatWest Group has allocated an extra £2.8 billion to cover potential losses from an increase in bad loans issued during the coronavirus crisis. The bank's interim results have revealed that NatWest has suffered an operating loss before tax of £770 million compared to the bank's £2.

House prices in Aberdeen dropped by 4.7% in the last five years according to a new report by ASPC.