Economy

Deloitte has warned of high expectations of a recession occurring within the next year as surveyed industry leaders brace for economic downturn. Amid rising inflation and intensifying economic headwinds, finance leaders assign a 63% probability to experiencing a recession within the next year, accor

Scottish business confidence has fallen to a record low in June, but remains stronger than Europe, according to the latest Accenture / S&P Global UK Business Outlook. Whilst the findings come amid global economic uncertainty, a net balance of +17% more private sector firms forecast their ac

Small firms are encountering widespread problems in their dealings with the insurance market, amid rising premium costs, a new report has found. FSB’s new publication looks into the price of insurance and whether the products on offer are suitable for small business customers.

RSM has warned of the effects growing supply chain issues are having on middle market businesses. Well over a third (39%) of middle market businesses* have experienced supply chain issues within the past 12 months, and this likely represents the tip of the iceberg as disruption looks set to continue

NatWest has decided to launch additional support for customers, colleagues and communities to assist with the rising cost of living.

As the quarterly confidence index falls to level not seen outside pandemic-induced restrictions, the Federation of Small Businesses (FSB) has urged leadership candidates to show pro-enterprise credentials. Surging operating costs, a high tax burden and struggles to fill vacancies are threatening the

Rapid reform is required as more than three quarters of firms are struggling to recruit new staff, says the British Chambers of Commerce (BCC). New data released by the BCC show that the construction, manufacturing and hospitality sectors are facing the most severe shortages and firms’ re

A study has revealed that millions of adults have no savings to fall back on as they have already been used up to pay for essential items rising in price. The study by Scottish Friendly and the Centre for Economics and Business Research (CEBR) found that one in six (16%) adults have used all their s

Over one million people are considering a reduction to their pension contributions to deal with the cost of living crisis.

Latest report shows 4.4 million households are struggling financially, up from 2.8m in October 2021 - an increase of 1.6m households.

Drivers in Scotland face the highest increase to car insurance prices with an increase of 8.4 per cent as the average yearly premium reaches £580.

Increases in the cost of living have led to more financial difficulties with 85% of surveyed individuals having said they are worried about their personal finances and, some are expecting to save less or stop saving at all towards their short and long-term savings goals, or are cancelling or d

A new report published by the Office for Budget Responsibility (OBR) says "the world is becoming a riskier place" and that the UK's current fiscal direction is "unsustainable".