News

The coronavirus pandemic means government spending has increased immensely, with the IMF calculating it to be a staggering $9 trillion. For ACCA, the World Bank and IFAC, the concern is that public sector fiscal commitment and interventions are not being captured accurately by governments

New figures published today by LINK, the UK’s main cash machine network, shows that ATM usage is increasing since the early days of lockdown. 

UK car manufacturing output has declined -42.8% in the first half of the year, marking the lowest decline in the industry since 1954.

A record 527,000 UK businesses were in significant financial distress at the end of June 2020 thanks to seven consecutive quarters of increased financial impairment, according to the latest Red Flag Alert research by Begbies Traynor.

A man who bought a Lamborghini and other luxury items after receiving almost $4 million in coronavirus loans has been charged with fraud.

This latest blog considers life from the perspective of SMEs and OMBs working to exit from lockdown. Much of the subject matter to date has focused on how to manage the massive uncertainties caused byCOVID-19. Hopefully, the duration and on-going impact of lockdown are beginning to clear as we move

KPMG has appointed Philippa Sanderson as its new associate partner to lead its private enterprise tax team in Central Scotland. Based in Edinburgh, Ms Sanderson joins the Scottish practice from KPMG’s North Region where she previously led the firm’s Sheffield office.

BDO, which is the second-largest auditor of listed companies in the UK, has been fined £160,000 and reprimanded over its audit of international insurer AmTrust Europe Limited. The Financial Reporting Council (FRC) said the fined related to BDO's unintentional rule breaches relating to failures

In light of the difficult trading situation amid the COVID-19 pandemic, Dundee-based restructuring and insolvency specialists Dunedin Advisory details how business debt arrangement schemes can help firms through these times. Dunedin Advisory has said it may be necessary for firms to consid

Virgin Money, owner of Glasgow-based Clydesdale Bank, has allocated an extra £42 million to cover potential losses from an increase in bad loans as the bank braces for the economic fallout from the coronavirus crisis. The allocation of funds, revealed in the lender's third-quarter results, are

Murray Income Trust plc (MUT), a fund managed by Aberdeen Standard Investments, is to double in size to over £1 billion. The board of the £580.9 million fund have agreed head of terms for a combination of the company with the assets of the £642.2 million Perpetual Income and Growth

The number of insolvencies in Scotland dropped by around 10% during lockdown, according to the BBC Shared Data Unit.

Helen Foord, founder of ELE Global, details the financial implications of running a virtual team. COVID-19 has brought the world to a halt, ensuring that without warning, all but the most essential businesses have had to shutter physical locations and close down offices. Complete re-evaluations into

Forres-based Maclean’s Highland Bakery has received a £28,711 grant from Highlands and Islands Enterprise (HIE) to help advance its expansion project focused on growing UK wholesale and international markets. The bakery will also use the funding to invest in new equipment and make effici

Retailers in Scotland lost almost £2 billion in sales during lockdown, according to the latest data from the Scottish Retail Consortium (SRC).