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The Bank of England has announced a second cut to interest rates amid a series of measures in response to the coronavirus pandemic. The Bank's Monetary Policy Committee (MPC) has voted to bring the interest rate to 0.1%, down from 0.25%, the lowest rate in its history and the second cut in just over

The UK government's proposed Coronavirus Business Interruption Loan Scheme is "flawed" and does not address "fundamental issues", a corporate financial and business consultancy firm has said. Bristol-based Shaw & Co said the scheme is a step in the right direction but will protect only a fractio

Glasgow-based Russell & Russell has become the first accountancy and business advisory firm in Scotland to graduate from the Royal Bank of Scotland’s Accelerator programme for entrepreneurs. Managing director Stuart Clark and director Rosslyn McMaster joined their local Accelerator hub las

Summix Capital has been planning permission by the City of Edinburgh Council for the development of a new office project in the heart of the Old Town.

Qualified accountant Stewart MacLeod has been appointed as a member of the Gaelic language body Bòrd na Gàidhlig. Mr MacLeod is from the Isle of Lewis and attended school in Stornoway. He studied English language and Literature at the University of Aberdeen and obtained a PhD researchi

Shepherd and Wedderburn has established a COVID-19 advisory group, which draws relevant, specialist expertise from across the firm to support clients with informed, pragmatic legal advice on the unprecedented challenges posed by the global pandemic. The group comprises specialists who are leaders in

Edinburgh-based online booking and business management software provider Appointedd has announced that it will offer its services for free to small business customers struggling in wake of the coronavirus crisis. The company, whose staff have been working remotely since last Wednesday, offers smart

The Department for Work and Pensions (DWP) has identified nearly 100,000 Universal Credit claimants that it suspects may have claimed an advance fraudulently, the National Audit Office (NAO) said today.

An awards ceremony recognising women who have founded innovative Scottish companies will go ahead next week using a technology-led solution. The AccelerateHER Awards were meant to be handed out later this month at Barclays' Eagle Lab within Edinburgh’s Codebase, but the event was cancelled due

A judge known to be the richest in China has been charged with fraud, abuse of her power and taking bribes after it was revealed she had amassed her $200 million fortune through gambling.

Caledonian Breweries, which produces Tennent's, has announced measures to support the drinks industry during the coronavirus outbreak by freezing its on-trade wholesale prices and granting a three-month debt-repayment holiday to loan customers.

Yesterday, economy secretary Fiona Hyslop announced a series of measures to mitigate the economic impact of the coronavirus on businesses in Scotland, including a £2.2 billion for businesses. In her statement, Ms Hyslop warned that as a result of coronavirus, the Scottish economy is facing an

The joint administrators of the Beales department store chain, Will Wright and Steve Absolom from KPMG, have confirmed that all remaining Beales stores, including Perth, will close today. While this is two weeks ahead of the administrators’ original schedule, the impact of Covid-19 on the reta

Due to the current public health situation and the impact of coronavirus on companies (e.g. self-isolating), Companies House is now automatically granting a two-month extension to file company accounts.  

Law firm Gilson Gray has issued helpful guidance for employers and employees looking for clarity on Statutory Sick Pay (SSP) as the COVID-19 pandemic begins to affect businesses of all sizes across the UK. Graham Millar, employment law partner at Gilson Gray, said while it is important to follow Gov