Emergency funding schemes launched in reaction to the coronavirus pandemic led to gross bank lending to small and medium-sized companies rising by 82% last year to £104 billion, fuelling concerns amongst UK firms about business debt.
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Retail, hospitality, leisure and aviation businesses will pay no rates during 2021-22 under proposals outlined yesterday by finance secretary Kate Forbes.
Finance secretary Kate Forbes did not announce any changes to income tax rates and bands in the coming year after she set out the Scottish Government's budget plans yesterday. Ms Forbes said that in light of the current coronavirus pandemic, it is vital that the Scottish Government continues to supp
The UK's unemployment rate rose to 5% in the three months to November, up from 4.9%, according to the latest figures released by the Office for National Statistics (ONS).
TSB has provided cash flow to small and medium-sized business suppliers across the UK during the pandemic, paying 96% of invoices within seven days over the last six months. According to the Federation of Small Businesses, over £23 billion of late invoices are owed to businesses across Britain
Two-fifths of business owners in Scotland say they’re worried about their mental health, according to a survey of 1200 entrepreneurs conducted by the Federation of Small Businesses (FSB). More than half of the respondents (55%) to the poll said that they had concerns about the survival of thei
Businesses owners, finance directors or CEOs of companies that have signed up to the Prompt Payment Code will be obliged to take personal responsibility for payments under new reforms announced by the UK Government today.
The Scottish Government has announced further measures to help stop the spread of coronavirus and limit non-essential contact. From Saturday, non-essential click and collect retail services will be prohibited in Level 4 areas and further changes will be put in place to how services open for ess
Scottish business confidence crashed in the final days of 2020, according to new research from the Federation of Small Businesses (FSB). The small business campaign group says that their findings underline the need for governments in Edinburgh and London to provide sufficient second-wave coronavirus
Chancellor Rishi Sunak has announced that the Scottish Government will receive a further £375m to offer direct support to Scottish businesses.
The next intake of MSPs must deliver new laws designed to help Scotland’s local and independent firms recover from this year’s crisis, according to the Federation of Small Businesses (FSB). FSB has highlighted that these firms now carry more than £2.4 billion of COVID-19 debt.
Businesses across Scotland will benefit from a new £185 million package of targeted coronavirus support. The Scottish Government's announcement follows discussions with business groups and sees a wide range of sectors benefiting, from taxi drivers and arts venues to travel agents and hospitali
Coronavirus grants should be provided for suppliers to Scottish hospitality and retail businesses hit by current restrictions, according to the Federation of Small Businesses (FSB). In a letter to the Scottish Government and local authority leaders, FSB also urged finance secretary Kate Forbes and C
Scottish business organisations have responded to Chancellor Rishi Sunak's Spending Review statement, with some calling the announcement "disappointing". The chancellor announced that public sector pay will be frozen with the exception of NHS staff and those earning under £24,000. He also anno
A coalition of small business leaders, tax experts and company directors have detailed the measures needed to address a government shortcoming which has left thousands with no income support throughout months of COVID-linked disruption.