A new report from Audit Scotland shows that analysis of how Covid-19 business support funding was distributed during the pandemic is not possible due to gaps in data. The Scottish Government provided about £4.4bn of grants and non-domestic rate reliefs between March 2020 and October 2021, mostly paid out to businesses by councils. It then […]
ANALYSIS OF COVID BUSINESS SUPPORT LIMITED DUE TO DATA GAP Read More »
Lloyds Banking Group has announced three new strategic innovation challenges as it opens cohort 2 of its Launch Innovation Programme. Working in collaboration with FinTech Scotland the group is inviting fintech’s from all around the world to take part. This follows the success of the first Programme that saw 12 fintech firms selected, from Scotland
LLOYDS & FINTECH SCOTLAND LAUNCH INNOVATION PROGRAMME Read More »
With the Finance Bill 2021/22 receiving Royal Assent last month, it is all systems go for Basis Period Reform for unincorporated trading businesses from tax year 2024/25. Chartered Accountants Wylie & Bisset are stressing the importance in planning for this and, more importantly, the impact of the transitional year 2023/24. Basis Period Reform is intended
CHARTERED ACCOUNTANTS URGE TRADERS TO PREPARE FOR NEW BASIS PERIOD REFORM Read More »
According to a report released today, Scotland is suffering from a chronic housing shortfall approaching 100,000 new homes as a result of significant and consistent undersupply over the last 14 years. Industry body Homes for Scotland (HFS) is calling for an all-tenure target of at least 25,000 homes per year to be set to meet
SCOTLAND’S HOUSING GAP APPROACHING 100,000 HOMES Read More »
Scottish businesses are behind targets for 2022, with many citing inflation and supply chain pressures as the greatest challenges for the year ahead. However, more than half of mid-sized businesses in Scotland think they will return to pre-Covid revenues in less than 12 months. Accountancy firm BDO’s bi-monthly survey of 500 medium-sized businesses revealed that
MORE THAN HALF OF SCOTTISH BUSINESSES ARE BEHIND EXPECTATIONS FOR 2022 Read More »
Scottish organisations and employees are embracing hybrid work more than anywhere else in the UK, according to a Virgin Media O2 Business study with the Centre for Economics and Business Research. On average, Scottish employees want to work 2.8 days a week from home, a rise of 254% compared with before the pandemic. The UK
SCOTTISH WORKERS LEAD THE UK’S HYBRID WORKING REVOLUTION Read More »
Business confidence in Scotland fell two points during February to 35%, according to the latest Business Barometer from Bank of Scotland Commercial Banking. Companies in Scotland reported lower confidence in their own business prospects month-on-month, down three points at 42%. When taken alongside their optimism in the economy, down two points to 28%, this gives a headline confidence reading of 35%. The Business Barometer, which questions 1,200 businesses monthly, provides early signals about UK economic trends both
SCOTTISH BUSINESS CONFIDENCE FELL IN FEBRUARY Read More »
According to a recent survey 65% of white-collar workers in Scotland are considering quitting or changing their jobs as wellness at work takes precedence over pay for most Scots. The figures come from a Censuswide commissioned by workplace wellbeing marketplace Juno, looking at morale within the white-collar workplace at large across Scotland. Amongst the key
WHITE COLLAR WORKERS PRIORITISING WELLNESS OVER PAY Read More »
Scottish consumer confidence remained steady at -11% in the fourth quarter of 2021, in line with the rest of the UK, which experienced a drop of 1% over the same period. Overall personal expenditure in the final quarter increased for 45% of consumers in Scotland, up from 37% in the third quarter, according to the
CONSUMER CONFIDENCE HOLDS STEADY IN SCOTLAND Read More »
New research reveals that Aberdeen in Scotland has had the smallest wage growth in the entire UK. Residents of Aberdeen have seen their salaries increase just 5.22% since 2014 – compared to the 51% increase for residents of Hackney and Newham, the area with the highest wage growth. The average wage increase for the UK
AREAS OF SCOTLAND WITH THE SMALLEST WAGE GROWTH REVEALED Read More »
