Uk Government

The UK government has announced its most significant legislative reforms in 25 years to support small businesses, aiming to tackle the crippling issue of late payments and unlock access to finance. The new measures, part of a "Plan for Change", are designed to give the UK the toughest late payment l

Glasgow City Region has been announced as one of three UK cities and regions receiving at least £30 million each from the UK government to unlock new, locally led innovation that can improve lives across the country.

The Institute of Chartered Accountants of Scotland (ICAS) has expressed its concern at the news the UK government is no longer planning to bring forward the already delayed and long promised audit reform and corporate governance bill in the current Parliamentary session, despite a draft bill ap

A major innovation programme has helped manufacturers across Scotland reduce energy costs by 28% and cut carbon emissions by approximately 30% by making better use of their data. The Data Lab, Scotland’s centre for data and artificial intelligence, played a key role in delivering the £53

UK government borrowing has reached a higher-than-expected £20.7 billion in June, fuelled by soaring debt interest payments that place Chancellor Rachel Reeves under increasing pressure ahead of her Autumn Budget.

The UK government has announced a review of the state pension age and revived the Pension Commission to tackle a looming retirement crisis, amid warnings that future pensioners are on track to be significantly poorer than today's. Work and Pensions Secretary Liz Kendall has initiated the legally req

Chancellor Rachel Reeves has unveiled a package of reforms for the UK’s financial services industry, aimed at cutting red tape and stimulating much-needed economic growth. Billed as the most significant overhaul in over a decade, the "Leeds reforms" are intended to reinvigorate an economy that

Chancellor Rachel Reeves is anticipated to announce a significant overhaul of the UK's savings landscape in her Mansion House speech on 15 July, with plans to reduce the annual tax-free allowance for cash Individual Savings Accounts (ISAs). The move is part of a UK government strategy to encourage s

The UK government’s new Modern Industrial Strategy has been met with cautious optimism, as its key aims appear to align with the pressing needs of Scotland's manufacturing sector, according to accountancy firm MHA. Over the weekend, MHA revealed the findings of a survey that asked manufacturin

The Institute of Chartered Accountants of Scotland (ICAS) has praised the UK government’s focus on driving economic growth in its Spending Review, but warns that while ambitions around investment in education, healthcare, infrastructure and housing are commendable, the lack of clarity on how t

The Treasury has sold its final shares in Royal Bank of Scotland-owner NatWest Group, concluding 17 years of public ownership that began with a £45 billion taxpayer bailout during the 2008 financial crisis. This full privatisation marks a symbolic moment for the bank, formerly Royal Bank of Sc

UK government borrowing unexpectedly rose to £20.2 billion in April, the first month of the new tax year, according to figures from the Office for National Statistics (ONS). This figure is an increase from the £19.1bn shortfall recorded in April 2024 and surpassed economists' forecasts o

The UK and EU have unveiled a significant new agreement, aiming to redefine their post-Brexit relationship across critical areas including trade, fishing rights, and defence.

NatWest Group is on the verge of returning to full private ownership for the first time in nearly 17 years, following a significant reduction in the UK government's shareholding. The Treasury has recently sold a further tranche of shares, decreasing its stake from 1.98% to just 0.9%.

The UK government is developing a detailed regulatory framework aimed at positioning the UK as a global leader in digital finance. The proposed rules will subject cryptoasset firms involved in trading, staking, and custody to standards similar to those governing traditional financial institutions.