News

The UK's budget deficit rose to £31.6 billion in November, the third-largest monthly budget deficit on record and the highest since May, according to the latest figures from the Office for National Statistics (ONS).

Legal aid solicitors will benefit from a 10% uplift in legal aid fees and have access to a £9 million fund to help those experiencing hardship as a result of COVID-19. Following meetings with the Law Society of Scotland, the Justice Secretary Humza Yousaf confirmed a package of further support

The Financial Reporting Council (FRC) has announced Amendments to UK and Republic of Ireland accounting standards – UK exit from the European Union. The amendments update UK and Republic of Ireland accounting standards for changes in legislation following the UK’s exit from the European

China is set to fine diners who fail to finish their meal in a restaurant under a new law being introduced to reduce food waste.

Shepherd and Wedderburn’s banking and finance team has reported a busy 12 months, supporting clients with a mix of strong deal volumes and advisory work, despite the ongoing challenges presented by the COVID-19 pandemic. In the year to 31 October 2020, the team advised clients, including banks

NatWest Group has announced that it has entered into an agreement with Metro Bank to acquire a £3.0 billion portfolio of prime UK mortgages. The portfolio consists of owner occupied residential mortgages with a weighted average current loan to value of c.60%.

Catherine Burnet, KPMG’s regional chair for Scotland, looks back at the challenges Scotland’s faced in the last year, and what lies ahead. In January 2020, none of us could have anticipated the overwhelming scale of economic and societal challenge that COVID-19 would create – it go

UK ministers have distributed contracts of up to £288 million to consultants at Big Four accountancy firms KPMG and EY to train thousands of civil servants over the next four years. Both firms will design and deliver courses in everything from project management and leadership to training on M

Scotland’s largest bid and tender specialists, AM Bid, is celebrating a prestigious double for managing director David Gray. The Association of Proposal Management Professionals (APMP) UK has recognised David as one of the profession’s top leaders with the 2020 APMP UK Outstanding Leader

Allan Murray Architects (AMA) has entered into an employee ownership trust (EOT) with its staff as the beneficiaries. The firm is behind many of Scotland’s most impressive new buildings and masterplans and has arguably played a bigger role in Edinburgh’s recent architectural renaissance

Halifax has estimated that house prices in the UK will drop by up to 5% next year as a result of rising unemployment and the end of the UK Government’s stamp duty holiday.

North Berwick-based Jerba Campervans has secured its first Fair Tax Mark certification, and joins the growing movement of responsible businesses who are proud to 'say what they pay with pride'.

Two north-east families have invested £2 million to launch Scotland’s first dedicated gluten free oat plant in Aberdeenshire. The 1,000sq metre Oat Co. Scotland facility has been built at Enerfield Business Park, near Foveran, which lies within the 30-mile Energetica corridor between Abe

Glasgow-based fintech Guiide has secured another successful round of funding from a group of investors as the firm looks to increase its user base. The funding will help support Guiide develop more features and increase its already growing user base which continues to grow month on month. The invest

Businesses and projects in rural Scotland are set to miss out on part of a £1.283 billion funding programme next April following the UK’s exit from the EU. Twenty-one rural areas in Scotland will lose funding on economic, environmental and social measures from EU Structural Funds.