Uk Government

Members of Parliament on the Scottish Affairs Committee are set to conduct an in-depth examination of the progress of £6.2 billion worth of government-backed funding deals, designed to boost regional economic growth in Scotland. City region and regional growth deals are two types of fundi

Chancellor Jeremy Hunt unveiled a series of tax reforms in yesterday's Spring Budget, altering the UK's fiscal landscape. The most notable change sees National Insurance contributions for employees decreasing from 10% to 8%, resulting in average annual savings of around £450 for approximately

The Scottish Chambers of Commerce (SCC) has called for the Chancellor to use next week’s Spring Budget to back Scottish business by working in partnership with industry to develop a long-term plan for growth. Among the recommendations in SCC’s Spring Budget Letter are:

The UK government has set out plans for a fresh crackdown on companies dodging strict trade sanctions, including those imposed following the Russian invasion of Ukraine last year. A new Office of Trade Sanctions Implementation (OTSI) is to be established in early 2024 with responsibility for the civ

ACCA Scotland has responded to the UK government's plans to launch more stringent initiatives to curtail the persistent problem of late payments, which particularly plagues SMEs. This move is part of the forthcoming Prompt Payment & Cash Flow Review aimed at reinforcing and better executing curr

The Institute of Chartered Accountants of Scotland (ICAS) has raised concerns in response to the Chancellor's announcement proclaiming an immediate cap on the Civil Service headcount. The UK government decided to introduce cap on headcount at its current level will be introduced with immediate effec

In a recent response to the Department of Business and Trade's (DBT) survey on non-financial information, the Institute of Chartered Accountants of Scotland (ICAS) highlighted the significance of non-financial reporting for businesses.

NatWest Group plc has agreed to an off-market purchase of 469.2 million of its shares from HM Treasury, amounting to £1.26 billion in consideration.

UK oil and gas companies are expected to be offered windfall tax relief by Prime Minister Rishi Sunak as part of efforts to boost investment and improve energy security.

The UK government has further reduced its shareholding in Royal Bank of Scotland-owner NatWest Group.

An agreement to invest £100 million in the future economic prosperity of Orkney, Shetland and the Outer Hebrides was signed today in Orkney.

The freeze to UK alcohol duty rates has been extended by six months to 1 August 2023, the UK Government announced yesterday.

Financial experts have warned the Scottish Government against introducing "less competitive rates of tax" in the wake of tax increases and spending cuts announced by Chancellor Jeremy Hunt this morning. In his first Autumn Statement, Mr Hunt extended the freeze on key allowances and thresholds, incl

Prime Minister Rishi Sunak has announced a £4.2 billion contract to build five new Royal Navy frigates on the Clyde and support 1,700 jobs in Govan and Scotstoun. Delivering on ambitions laid out in the National Shipbuilding Strategy Refresh earlier this year, the contract awarded to BAE Syste

Analysts from the Resolution Foundation (RF) have shown that the mini-budget put forward under Liz Truss cost the country an estimated £30 billion. It resulted in a doubling of the fiscal hole the Treasury has said Jeremy Hunt will have to fill with this week's expected range of tax rises and