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The Bank of England is widely expected to keep the Bank Rate at 5.25% in its upcoming meeting, although a minority of Monetary Policy Committee (MPC) members may vote for a reduction. Recent economic data is likely to have bolstered the MPC's confidence that inflation is on a sustainable downward pa

Scotland has secured 135 foreign direct investment (FDI) projects in 2024 and cemented its reputation as the top UK FDI location outside London after marking a decade in the position. Despite a drop of seven projects (-4.9%) on the year before, this is still the second highest annual number of proje

Scottish Financial Enterprise (SFE) has announced a fundraising partnership with cancer care charity Maggie’s for the 2025 Scottish Financial Services Awards. The awards, sponsored by EY, will take place in Edinburgh in October and are a flagship industry-wide celebration to recognise the cont

Scotland's financial services sector attracted a decade-high number of foreign direct investment (FDI) projects in 2024, positioning it as the top UK location outside of London. According to figures from the forthcoming EY Scotland Attractiveness Survey 2025, Scotland secured 11 projects, an increas

Reflecting wider trends, the Scottish economy is currently in a fragile state, exacerbated by the US's recent announcement of 10% tariffs on all imports, which has dampened business and consumer confidence, according to the latest EY ITEM Club Scotland forecast. The US tariffs are likely to have an

The Financial Reporting Council (FRC) has identified "extremely serious" failings in EY auditing of NMC Health, a London High Court heard on Monday. These findings were disclosed during a trial where the collapsed hospital operator’s administrators are suing the Big Four firm for approximately

EY has once again postponed start dates for graduates recruited to its US strategy and deal advisory arm, EY Parthenon.

The EY ITEM Club has downgraded its GDP growth expectations for 2025 to 0.8%, down from the 1% predicted in February’s Winter Forecast, and has revised its 2026 forecast down from 1.6% to 0.9%. While the start of 2025 appeared to show economic momentum building, the weaker global economy and m

The Financial Reporting Council (FRC) has launched an investigation into EY's audits of the Post Office for the financial years 2015 to 2018. The probe stems from the ongoing fallout of the Horizon IT scandal, which saw hundreds of sub-postmasters wrongfully convicted based on faulty software data.

The Financial Reporting Council (FRC) has fined EY nearly £4.9 million for "serious" breaches of standards in its audits of the failed travel company Thomas Cook. The penalty concludes a near six-year investigation into the firm's work on Thomas Cook's accounts for the financial years 2017 and

EY has announced the selection of Alison Duncan as its next UK Chair, effective from 1 April. She is set to succeed Hywel Ball, who is retiring from the firm at the end of the financial year.   

Stirling will have the fastest-growing economy in Scotland over the next three years – and be among the top four for growth in the UK – according to new research from Ernst & Young (E&Y).

EY is restructuring its UK legal arm, leading to redundancies and a scaling back of its legal sector ambitions. In a brief conference call, partners informed staff of the overhaul and redundancy consultation, affecting approximately 30 of the firm's 160 UK legal employees. Some roles will be relocat

A new economic forecast by EY has predicted slower gross value added (GVA) growth for Scotland compared to other UK regions over the next three years.

EY is set to implement a significant partner redundancy round, potentially the largest in decades, as the firm grapples with a prolonged downturn in professional services. The Big Four firm, led by UK and Ireland managing partner Anna Anthony, plans to axe approximately 30 partners, primarily within