Uk Government

The Financial Conduct Authority faces an uncertain future following a government U-turn on plans to overhaul how auditors are policed. Despite an announcement in the King’s Speech in July 2024 that the current Labour government would advance the long-awaited audit reform and corporate governan

The Forth Green Freeport (FGF) has marked a joint agreement which unlocks £25 million of seed funding from the UK government to support reindustrialisation of the Edinburgh, Fife and Falkirk areas, to attract £7.9 billion of private and public investment over the next decade. At the Port

Scottish Secretary Douglas Alexander has launched the Local Growth Fund, a £140 million initiative designed to drive economic prosperity across Scotland.

The UK government has announced a significant reversal on its inheritance tax policy for family farms, raising the tax-free threshold for agricultural and business property from £1 million to £2.5m. Experts at Johnston Carmichael have characterised the decision as an "early Christmas pre

Chancellor Rachel Reeves has announced she will deliver her Spring Statement on 3 March, providing an update on the UK’s economy and public finances. She has instructed the Office for Budget Responsibility (OBR) to prepare an economic and fiscal forecast to accompany the statement on the same

The Association of Chartered Certified Accountants (ACCA) has urged UK politicians and regulators to adopt a holistic approach to business oversight, warning that the cumulative weight of red tape poses a significant threat to enterprise. In its response to Unlocking business: Reform driven by you,

The UK government has agreed a £150 million joint investment with INEOS to safeguard the future of the ethylene plant at Grangemouth – the last in the UK. The deal, which includes a £120 million government support package, safeguards 500 jobs at the site and hundreds more across th

Cryptocurrencies will be regulated similarly to traditional financial products under new legislation set to come into force in 2027. The Treasury is currently drafting rules that will bring the sector under the strict oversight of the Financial Conduct Authority (FCA).

More than 7,000 companies, business leaders and workers have now signed a public letter urging the UK government to fast-track its new North Sea fiscal regime, amid growing concerns over thousands of avoidable job losses. The letter – which has gained support from First Minister John Swinney a

More than 6,000 companies, business leaders and workers have signed up to a campaign calling on the UK government to fast-track its new North Sea fiscal regime and avert tens of thousands of “avoidable” job losses.  The decision by Chancellor Rachel Reeves to extend the Energy Profi

Responding to a Scottish Affairs Committee report on Scotland's space launch sector, the UK government has committed to setting out its strategic approach to support the sector in 2026. The committee’s report, published in September 2025, warned that Scotland was at risk of losing a “gen

With the Festive season approaching, hospitality and service industry businesses are being warned that they could face fines and the prospect of an employment tribunal if they do not comply with The Employment (Allocation of Tips) Act 2023. The 2023 Act, which impacts more than two million staff wor

Richard Hughes, chair of the Office for Budget Responsibility (OBR), has taken the "unusual step" of publishing the evolution of the watchdog’s economic forecasts, confirming that Chancellor Rachel Reeves knew she had met her financial targets days before warning the public of a dire economic

The UK government is set to launch a consultation in early 2026 regarding the future of the Lifetime ISA (LISA), signalling an intention to replace the current scheme with a new, simpler product aimed at first-time buyers. According to Budget 2025 documents, the move is designed to untangle the comp

Chancellor Rachel Reeves delivered her second Budget today under chaotic circumstances, as the Office for Budget Responsibility (OBR) accidentally released its economic forecasts before she had even taken to the despatch box. Reeves branded the breach "deeply disappointing" and a "serious error", co