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Chancellor Rachel Reeves has unveiled a package of reforms for the UK’s financial services industry, aimed at cutting red tape and stimulating much-needed economic growth. Billed as the most significant overhaul in over a decade, the "Leeds reforms" are intended to reinvigorate an economy that

The Financial Conduct Authority (FCA) has fined Barclays Bank UK PLC and Barclays Bank PLC a total of £42 million for separate instances of failings in its financial crime risk management – one relating to WealthTek and one relating to Stunt & Co. Barclays Bank UK PLC will make a vol

An East Renfrewshire estate agency is celebrating a period of rapid growth, culminating in the opening of a new office and an expanded team, following targeted support from Business Gateway. Originally set up as Fraser Kelly Estate Agent in January 2022, the business rebranded to Kelly Residential i

A report from the Scottish Affairs Committee (SAC) has concluded that the Barnett formula is fit for purpose and that there is not a clear need to reform it significantly. However, whilst the committee supports the continued use of the formula, it does acknowledge that the Barnett formula is imperfe

UK inflation unexpectedly rose to 3.6% in June, casting doubt on the likelihood of an interest rate cut in August. The figure, released by the Office for National Statistics, surpassed analysts' expectations that inflation would hold steady at May's rate of 3.4%. 

Will Wright and Alistair McAlinden from Interpath have been appointed joint administrators to Edinburgh-based cyber security firm Adarma Limited, as it ceases trading. The firm, founded in 2009, had grown to become one of the UK's largest independent cyber security businesses, employing 176 people a

The average price of a property in Scotland in May 2025 was £192,000, an increase of 6.4% when compared to May 2024, according to the latest House Price Index (HPI).

AAB has announced a significant round of promotions, elevating three senior team members to partner and promoting a further 134 employees. The promotions, which affect over 10% of the firm’s 1,000-strong team, are a key part of its ongoing talent development strategy.

A woman who allegedly seduced and then blackmailed Buddhist monks has been arrested by police in Thailand. "Ms Golf", as she has been dubbed by police, allegedly extracted 385 million baht (c. £8.8m) from at least nine victims over three years, the BBC reports.

Staff at HM Revenue & Customs (HMRC) have lost or had stolen electronic equipment worth almost £2 million since 2021, a freedom of information request has revealed. In total, over 3,500 devices, including 2,300 mobile phones and 507 laptops reported as lost, have gone missing from the tax

On the same day the Chancellor delivers her second Mansion House speech, where she is expected to potentially build a bonfire for some financial services regulations, the House of Commons Business and Trade Select Committee (BTC) will examine the future role of UK regulators and whether they can del

The number of small businesses expecting to shrink, close or sell up outstrips the number expecting to grow in Scotland for the first time since the outbreak of the Covid pandemic, new figures from the Federation of Small Businesses (FSB) have revealed. More than a quarter of small businesses (28.7%

In the first phase of reforms to the Senior Manager Certification Regime (SM&CR), the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) have proposed to streamline the regime to make it more effective and efficient and to drive growth in financial services. As the gover

The number of Scottish businesses entering administration fell by 24% in the first half of 2025, according to new analysis by law firm Shakespeare Martineau. A total of 31 companies in Scotland filed for administration between January and June 2025 – down from 41 during the same period in 2024

Clean technology company, Innovatium Group Limited, has secured a £3 million investment from the Scottish National Investment Bank (SNIB) and Hitachi Industrial Equipment Systems (HIES). The funding will support the East Kilbride-based company to accelerate the deployment of its patented, PRIS