News

The Scottish Government’s decision to align the newly devolved Scottish Aggregates Tax (SAT) with the UK Aggregates Levy for 2026–27 has been welcomed by the Mineral Products Association Scotland (MPAS). Representing Scotland’s producers of essential rock, gravel and sand for const

Artificial intelligence will fundamentally reshape the accountancy profession by altering tasks at all levels, according to ACCA (the Association of Chartered Certified Accountants). The body's latest AI Monitor report suggests that rather than replacing professionals, AI will create new responsibil

New jobs will be created and derelict sites regenerated in Glasgow’s former industrial heartland with the help of funding announced by First Minister John Swinney. Urban regeneration company Clyde Gateway is to receive £3.5 million to support the continued redevelopment of the former Sha

The Insolvency Service has announced plans to play a more prominent role in the fight against economic crime and be recognised as the UK’s leading authority in enforcing corporate and insolvency standards. Its new strategy commits the agency to broadening its remit, taking "robust" action agai

Edinburgh-based startup SWURF has landed a six-figure investment and appointed three heavyweight industry leaders to its board, signalling a bold new phase of growth across the UK and Europe. This latest investment round includes follow-on funding from existing backer Gareth Williams, co-founder of

Scotland’s financial services industry has the potential to increase the sector’s GVA contribution by up to 21% by 2028, according to new research by EY. The inaugural report, Accelerating Growth in Scotland’s Financial Services Sector, which is based on detailed economic anal

A brand-new waterside lodge is about to open at one of Loch Lomond's most popular inns all while creating new jobs and enhancing its green credentials.

The iconic 'Rosebud' sled from Orson Welles’s 1941 classic, Citizen Kane, has sold at auction for an astonishing $14.75 million (c. £11m). The sale makes it the second most valuable piece of film memorabilia ever sold, surpassed only by a pair of ruby slippers from The Wizard of Oz, whic

The number of overdue invoices on the books of Scottish businesses hit more than 1.8 million in Q2 2025, according to new research from R3. The restructuring, turnaround, and insolvency trade body's analysis of data provided by Creditsafe shows there were 1,820,706 overdue invoices on the books of S

In her second Mansion House speech, delivered last night, the Chancellor, Rachel Reeves unveiled a wide-ranging set of regulatory changes aimed at stimulating growth in the financial services sector. Commenting on the announced plans, Bruce Cartwright CA, CEO of the Institute of Chartered Accountant

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%.