Search: raise

Chancellor Rachel Reeves has publicly revealed for the first time that the UK government is considering tax hikes and spending cuts in the upcoming Budget to address a significant fiscal hole. In a Sky News interview, the Chancellor confirmed she would not "duck" difficult decisions to ensure the pu

Stirling Council has been urged to wait for clarification of Scotland’s Visitor Levy legislation before considering a local tax that risks causing confusion and damaging the city’s tourist economy.

The Financial Conduct Authority (FCA) has outlined proposals for an £11 billion compensation scheme for millions of motorists who were unfairly overcharged for car finance between 2007 and 2024. The £11bn total includes admin fees and is on the lower end of the FCA's previously earmarked

ACCA (the Association of Chartered Certified Accountants) and school careers platform Unifrog have formed a partnership to introduce the accountancy sector to UK 16-19 year-olds.  The two organisations will work together explaining the world of accountancy to UK students and educators. The move

Carlos Gemmel discusses Scotland's burgeoning artificial intelligence sector, looking at its strengths in talent and innovation, while also pointing out the challenges in securing growth capital for globally ambitious start-ups. Artificial intelligence is often spoken about in sweeping, futuristic t

According to RSM UK’s latest Economic Outlook for Q3 2025, the UK was the best performing G7 economy in the first half of 2025, despite low consumer confidence and stagnant business investment. However, growth looks more challenging moving forward, with inflation set to hit 4% and wage growth

UK government borrowing soared to £83.8 billion in the first five months of the fiscal year, the highest for this period in the last five years.

Inheritance tax (IHT) is on course for a record-breaking year, with HM Revenue & Customs (HMRC) collecting £3.7 billion in the first five months of the 2025/26 tax year – around £200 million more than the same period last year.

The UK's inflation rate held steady at 3.8% in August, reinforcing expectations that the Bank of England will keep interest rates on hold this week. Figures from the Office for National Statistics (ONS) showed the consumer prices index remained at the same level as July, matching economists' forecas

The Association of Chartered Certified Accountants (ACCA) has partnered with the Advisory Board Centre, the global professional body for the advisory sector. The partnership – which started in September – is designed to support members in building advisory skills and creating greater imp

The potential takeover of Aberdeen's Wood Group by the Dubai-based conglomerate Sidara is set to generate more than £100 million in fees for City advisers, even as the deal risks collapse.

Scotland's private sector saw a renewed, albeit marginal, rise in output in August, following a modest fall in July. The Royal Bank of Scotland Growth Tracker index rose to 50.3 from 48.7, with any figure above 50.0 indicating expansion.

Chancellor Rachel Reeves has confirmed her second Budget will be delivered on Wednesday, 26 November, setting the stage for a critical fiscal statement amid a turbulent economic backdrop. After a challenging first year in power, the UK government is under pressure to stabilise the economy following

As it celebrates 20 years of driving business–academic innovation, Interface has secured a double commitment from the Scottish Funding Council (SFC). A new three-year funding agreement, running from August 2025 to July 2028, enables Interface to continue connecting businesses with the expertis

With the Scottish government’s Housing Bill moving through Holyrood, one question keeps coming up in conversations with landlords: is it still worth it? Nicky Lloyd, head of lettings at ESPC, considers the bill. The private rented sector in Scotland has always played a vital role in providing