Covid-19

The Scottish Government has called for an extension of its financial powers within a newly published blueprint for the country's economic recovery. The report entitled COVID-19: UK Fiscal Path – A New Approach also proposes the creation of a UK-wide £80 billion stimulus package to r

Scottish Government advisors are calling for ministers to levy more tax from Scotland's higher earners to boost the country’s economic recovery and relieve the burden on lower-paid Scots. 

Wealthy holidaymakers are enjoying socially distanced travel with the advent of £1 million private jet package holidays.  Jet broker Fly Victor has seen bookings rise by 80% in the last few days, according to its founder, Clive Jackson.

Edinburgh-based Reactec, a tech firm which recently launched a social distancing monitoring device, has completed a £700,000 funding round led by Archangels.  The money raised will be used for the ongoing development of its personal monitoring equipment and reporting technology.

In the face of unprecedented health and economic disruption caused by the COVID-19 pandemic, millennials and Gen Zs express resolve and a vision to build a better future, according to a new survey by Deloitte.

Perthshire-based enterprise support organisation GrowBiz has launched the first multi-million-pound campaign of its kind to support the thousands of micro-enterprises across rural Scotland disproportionately affected by the coronavirus pandemic. Over 60% of rural and island businesses in Scotland ha

More employees will become owners of the companies they work for as firms seek to ensure greater resilience in the wake of the coronavirus crisis, according to Lindsays lawyer Douglas Roberts. Mr Roberts has advised on more than 10 Employee Ownership (EO) deals which have been completed in the

Finance secretary Kate Forbes has formally requested new powers to help Scotland meet “the significant economic and fiscal challenges” of coronavirus. Writing to the Chief Secretary to the Treasury, she details the temporary changes being sought by the Scottish Government. 

Saffery Champness is reminding rural businesses that the VAT payment holiday, which ran from March 21 because of the COVID-19 crisis, ends on June 30. No further extension to the scheme, which has allowed VAT payments to be deferred until March 31, is expected.However, it is expected that there will

The Peter Vardy Group is preparing to open its dealerships across the UK, having completed an extensive coronavirus Health & Safety programme to ensure they are safe places to work and buy.

A new taskforce created to drive forward the recovery of Scotland’s vital tourism sector is to meet for the first time. The Scottish Tourism Recovery Taskforce (STRT) is made up of more than 30 businesses with experience from across the industry. It is co-chaired by tourism secretary Fergus Ew

Whisky giant Diageo has announced that it will be allocating £4 million of funding for pubs and bars in Scotland as part of a global initiative to help the hospitality sector recover from the coronavirus crisis. 

Business leaders in Scotland have called for the government to replace Business Rates with an online sales tax similar to Digital Services Tax, according to a new poll conducted by accountancy and advisory firm BDO LLP. A significant majority (81%) of Scottish respondents indicated that with busines

The Scottish economy is now in its deepest recession in living memory, according to the latest Economic Commentary by the Fraser of Allander Institute at the University of Strathclyde.

Spending on non-essential items improved in May signalling an increase in consumer confidence, according to the latest data from Lloyds Bank.