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.
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). The majority will receive balance payments on top of the 95% loan paid between January and Ma
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. Savills planning team in Scotland has been liaising with the chief planner and his tea
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. The donation is part of Barclays' new £100 m
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. TSB said that throughout the last month, TSB has been taking action to support businesses a
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. Aviva said that its board has taken this decision in the wake of the unprecedented challenges COVID-19 presents for businesses,
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. Until the last few weeks, sellers had been ready to commit to the market following the General Election result, and buyers who had previously been frustrated by
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.
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. The criticism of the bank comes as Chancellor
Alan Meek, partner and head of corporate insolvency and restructuring at Morton Fraser, discusses the UK Government's changes to UK insolvency law. A press release from the Department for Business, Energy and Industrial Strategy ("BEIS") on March 29 2020, has indicated that the Government intends to
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. The firm made the announcement as it issued its final full year audited results.
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. This provides sole traders concerned about a looming risk of financial distress as a consequence of the e
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.
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.