Uk Government

Interest rates will need to rise quickly to head off the threat of inflation, according to the Bank of England’s chief economist. Huw Pill told an audience in Edinburgh that there were “dangers” in waiting for firmer evidence of the impact of conflict in the Middle East, reports ou

Chancellor John Healey is facing "sleepless nights" over a growing "inflation monster" due to surging oil prices, rising interest rate expectations and spikes in government gilt yields threatening markets on both sides of the Atlantic ahead of his inaugural Budget. High borrowing costs are expected

A Budget tax raid on British banks would hand a competitive gift straight to rival global financial centres, according to the chief executive of one of the world’s largest independent financial advisory organisations. Nigel Green of deVere Group urged Chancellor John Healey to dismiss union le

Bankers and lawyers have been asked by the Treasury to share feelgood stories about how they blocked dirty money from entering the UK, as ministers try to prove the government's money-laundering controls are working. Officials from The Treasury are hoping to illustrate the UK has improved when it co

Treasury officials have presented Chancellor John Healey with a plan to tax oil firms and banks to help rebuild his £22.7bn fiscal buffer, according to reports. Officials believe that a new windfall tax on banks and a further increase on oil firms could help increase government receipts squeez

Accountancy firm Henderson Loggie is calling on the UK Government to radically reform regulation and taxation in the food and drink sector following growing fears for the sector's future. Matthew McDermott, head of food and drink at Henderson Loggie, urged ministers to review employers' National Ins

Pensioners will be forced to hand over their bank statements to the Department for Work and Pensions as part of the government's crackdown on the growing benefits system. The DWP is aiming to cut £370m from the benefits bill and will inform thousands of pensioners they will need to provide ban

Anas Sarwar has pledged his commitment to Scotland's financial services sector following a meeting with BlackRock and other industry leaders in Edinburgh. Lord Sarwar stepped down as leader of the Scottish Labour Party before taking up a seat in the House of Lords, so he could take a job within Andy

The Bank of England has been urged by economists to halt its bond-selling programme, arguing it is driving up the government's borrowing costs at the expense of taxpayers. A group of bond investors and analysts warned the bank's approach to unwinding quantitative easing is adding pressure to already

Edinburgh Airport chairman Sir John Elvidge called on the Scottish Government to "take action" to ensure the Scottish National Investment Bank (SNIB) becomes a "permanent feature" of the Scottish financial landscape" in a new report. Sir John urged for the government to collaborate with the UK gover

Former NatWest chairman and financial regulator Sir Howard Davies has launched a scathing attack on the UK's banking framework, claiming that post financial crisis ring-fencing was a "completely useless regulatory intervention" that has "emasculated UK investment banking." Speaking as ministers weig

JPMorgan Chase chief executive Jamie Dimon has warned Chancellor of the Exchequer John Healey against creating a more hostile tax environment for banks. The Wall Street executive urged the UK Government to re-consider its plans to increase taxes on banks ahead of a major pre-Budget lobbying campaign

The Institute of Chartered Accountants of Scotland (ICAS) has called on advisers to help voluntarily sign up their clients to the UK Goverment's new Making Tax Digital (MTD) system to avoid issues caused by automatic enrolment. So far, more than 436,000 sole traders and landlords have successfully s

Scotland generated a record £98.3 billion in revenue during 2025-26: an annual increase of £6.3 billion (6.9%), according to the Scottish Government. The revenue per person in Scotland at £17,718 was similar to the UK average of £17,720 in the same year, when revenue from the