COVID-19



Experts warn Scottish GDP could contract by 25% if lockdown lasts for three months

Scotland's GDP could contract by around 20-25% if the government-imposed coronavirus restrictions remain in place for three months, the University of Strathclyde's Fraser of Allander Institute has warned.

Published 8 April 2020

Scottish Government announces £19m support for farmers

The Scottish Government has issued payments worth £19.1 million to almost 6,000 farmers and crofters in Scotland’s most remote and rural areas from the Less Favoured Area Support Scheme (LFASS).

Published 8 April 2020

Savills welcomes Scottish Government's plan for continued economic development

Savills Planning has welcomed the provisions being put in place by the Scottish Government to keep the wheels of the country’s planning system in motion during the current hiatus caused by coronavirus. 

Published 8 April 2020

Barclays bosses to donate third of their pay as part of £100m coronavirus community aid package

Barclays has announced that its chairman Nigel Higgins, group CEO Jes Saley and finance director Tushar Morzaria will donate a third of their fixed pay for the next six months to charities supporting people affected by the coronavirus outbreak.

Published 8 April 2020

TSB CEO and executive committee forgo bonuses

TSB has today announced that its CEO, Debbie Crosbie, and the bank’s executive committee are voluntarily giving up their bonus awards for 2020 amidst the economic uncertainty of coronavirus crisis.

Published 8 April 2020

Aviva suspends dividend amid coronavirus uncertainty

Perth-based insurance giant Aviva has announced that it will suspend its 2019 final dividend amid the current economic uncertainty caused by the coronavirus outbreak.

Published 8 April 2020

Savills prepares for future sales of Scottish farmland

Savills has said that it is making preparations for owners of Scottish farmland to bring their farms to the market when the time is right.

Published 8 April 2020

FCA announces additional primary market measures to aid listed companies

The Financial Conduct Authority (FCA) has announced a series of measures to help listed companies to raise new funding while retaining an appropriate degree of investor protection. 

Published 8 April 2020

And finally... auction for action

An auction raising money for the NHS will see several star-studded prizes such as lunch with Dame Joan Collins up for grabs in a bit to support charities in the fight against the current COVID-19 pandemic.

Published 8 April 2020

British Business Bank blamed for coronavirus loan delays

High street banks have blamed the British Business Bank, the government-owned organisation responsible for implementing the coronavirus loans scheme, for delays preventing small businesses across the UK from accessing desperately needed funds. 

Published 7 April 2020

Alan Meek: Government changes to UK insolvency law

Alan Meek, partner and head of corporate insolvency and restructuring at Morton Fraser, discusses the UK Government's changes to UK insolvency law.

Published 7 April 2020

Nucleus Financial Group suspends final dividend

Edinburgh-based financial services company Nucleus Financial Group has announced that it will suspend its final dividend due to the economic uncertainty of the coronavirus pandemic. 

Published 7 April 2020

Wylie & Bissett: Sole trader advisors should consider extended moratorium on debt enforcement

Wylie & Bisset is advising sole trader advisors and intermediaries to consider the extended moratorium on debt enforcement of up to six months under the Coronavirus (Scotland) Act.

Published 7 April 2020

Stenn Group: Coronavirus outbreak leads to rise in demand for alternative finance

Over 8 in 10 (83%) UK, US and Chinese firms are considering switching to alternative finance providers over traditional banks for trade finance this year due to the COVID-19 outbreak, according to data collected by Stenn Group. 

Published 7 April 2020

SRC: Scrapping business rates a 'vital shot in arm' for retail

The Scottish Government has implemented a 100% business rates relief for retail, hospitality and leisure premises for the next 12 months, in a move which the Scottish Retail Consortium (SRC) has labelled as a 'shot in the arm' for the retail sector. 

Published 7 April 2020