Uk Government

The new UK government has cancelled a planned retail share sale of its remaining stake in Royal Bank of Scotland-owner NatWest.

The UK government's shareholding in RBS-owner NatWest Group has dropped below 20% for the first time since its bailout in 2008.

Employers should think ahead in preparation for the biggest changes to UK workplace laws in almost 30 years, Scottish lawyers have advised. Prime Minister Keir Starmer has vowed that his Labour government will start to introduce a raft of new legislation affecting everything from parental

The Institute of Chartered Accountants of Scotland (ICAS) has urged the next UK government to prioritise audit and corporate governance reform to rebuild trust in businesses and safeguard livelihoods. The call is part of ICAS’ five key asks for the next government aimed at building a more sust

UK government consulting spending faces major cuts as both main political parties have pledged to halve external advisory costs, potentially saving £3 billion over five years. This move follows record-high spending since the last election, driven by pandemic response, digital projects, and civ

RBS-owner NatWest Group has bought back a further £1.24 billion worth of its own shares from HM Treasury. This works out to 392.4 million shares bought back from the government at 316.2p per share, and, combined with HMT’s ongoing trading plan, reduces government ownership in the bank to

Government plans to launch an offering of NatWest shares to the general public have been derailed by the imminent general election.

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.