Covid-19

The UK Government borrowed £55.2 billion last month, hitting a new record high as the coronavirus lockdown weighed heavily on its finances.

UK retail sales rebounded by 12% in May signalling a slight recovery from their record falls due to the coronavirus lockdown restrictions.

The Financial Conduct Authority (FCA) has announced that credit card, store card, catalogue credit and personal loan customers will be allowed to defer repayments for a further three months. 

1.9 million mortgage payment deferrals have been offered to customers impacted by the coronavirus pandemic in the three months since the support scheme was launched, according to the latest figures released by UK Finance.

HSBC has lifted the three-month pause on its restructuring plan which will see the bank cut up to 35,000 jobs.  

Nationwide, the UK's biggest building society, has tripled the minimum deposit it will ask for from first-time buyers.

Edinburgh craft beer subscription firm Beer52 has succeeded in meeting an exceptional increase in demand thanks to funding support from Royal Bank of Scotland. During lockdown, an unprecedented surge in customer demand resulted in a landmark 200,000 subscribers for the firm. The company has since do

The Bank of England has announced that it will inject an extra £100 billion into the UK economy whilst maintaining interest rates at a record low of 0.1%.

New figures released by the Scottish Government has revealed a small 2019-20 underspend is helping the country fight back against the coronavirus outbreak.

The Scottish Government has launched a £230 million return to work package which will see £51m allocated for business support. The package has been unveiled to help stimulate Scotland’s economy following the coronavirus pandemic.

Scottish tour company Highland Experience has secured a six-figure sum in CBILS support from Royal Bank of Scotland to help cope with a downturn caused by the coronavirus pandemic. Highland Experience, which was established in 2003, offers award-winning guided tours across the Scottish Highland

The new Royal Bank of Scotland UK Small Business PMI survey has identified a clear improvement in the business environment since April, with the downturn in private sector output moderating from the record drop at the peak of the coronavirus outbreak.

David Beveridge, managing director at Macdonald Henderson, discusses how corporate deals are being completed during COVID-19. “Always be Closing” – the old mantra, made famous by Alec Baldwin’s speech in Glengarry Glen Ross has resonated in the corporate world in the 20 years

Total sales in Scotland decreased by 27.6% compared with May last year, according to the Scottish Retail Consortium (SRC) & KPMG Retail Sales Monitor.

Jack Boyle, director and specialist in employment law at Blackadders, details the latest changes to the UK Government's Job Retention Scheme. Following on from Rishi Sunak’s latest announcement about changes to the Coronavirus Job Retention Scheme (“CJRS”), HMRC has updated its gui