News

The Bank of England has maintained the base interest rate at 4.5% as concerns grow over the impact of trade conflicts on economic growth. The Monetary Policy Committee (MPC) faced a difficult decision, balancing a slowing economy against persistent inflationary pressures. The vote was split, with ei

The Edinburgh Integration Joint Board (EIJB) is set to deliberate on a proposed £29 million savings programme for the 2025/26 financial year, aimed at balancing its £900 million budget.

Edinburgh and Glasgow have strengthened their positions as prominent global financial centres, according to the latest Z/Yen Global Financial Centres Index. Edinburgh's improved score and Glasgow's impressive five-place jump underscores the continued growth of Scotland’s world-class financial

An innovative blood drive is offering free cannabis in exchange for donations. The latest in a series of "Bleed for Weed" events is taking place this weekend in Rockford, Illinois, where cannabis is legal for both medicinal and recreational use.

As part of its campaign to support small and medium-sized enterprises (SMEs) access audit services, the Financial Reporting Council (FRC) has today published the first in its series of supporting materials to help SMEs to engage with the annual audit process effectively and confidently. The summary

Saltire Rare Malt, based in Falkland, Fife is raising a glass to 2025 as it celebrates further success in the whisky world through new global markets, new stockists and the assembling of an unrivalled team of whisky veterans boasting over a century of combined industry experience.  Single malt

Smaller businesses could disproportionately bear the brunt of the economic challenges looming in Scotland, according to a licensed insolvency practitioner.   Michael Reid, partner at MHA in Aberdeen, said the upcoming increases in National Insurance and minimum wage, as well as footfall issues,

A report into options for Grangemouth has been hailed “a significant milestone” in the overall project to secure the future success of the site. Scottish Enterprise has welcomed the publication of the Project Willow report on potential future opportunities for the Grangemouth site and la

Project Harmless, an Edinburgh-based eco start up, has expanded into new markets with the launch of its cosmetics range, Harmless Apothecary. The business was started with finance from the Start Up Loans programme, run by the British Business Bank.

A new economic forecast by EY has predicted slower gross value added (GVA) growth for Scotland compared to other UK regions over the next three years.

Firms occupying larger premises in Scotland are set to pay £54.7 million more than their equivalent-sized counterparts down south in the coming year, from 1 April. The figures have prompted the Scottish Retail Consortium (SRC) to reiterate its call for rates parity with England and for the int

Building tender prices in Scotland rose by 0.9% in Q1 2025 compared with Q4 2024, according to a panel of cost consultants involved in multiple construction tenders. The Scottish Tender Price Assessment Panel, which was established by the Building Cost Information Service (BCIS) to help measure the

The Land Reform (Scotland) Bill will inflict "an era of wanton damage" on rural Scotland unless the Scottish government accepts that key changes should be made to it, according to Scottish Land & Estates (SLE). The rural business organisation said today that the bill as it stands is unworka

People struggling with council tax arrears will have access to "enhanced advice" through the expansion of a Citizens Advice Scotland project. Backed by an additional £2.2 million in Scottish government funding, the project provides tailored support to affected households and works with local a

Business founders, investors and advisers from across Scotland gathered together at the latest No Diversity, No Deal event last night to demystify the scale-up process for female entrepreneurs.