News

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

Chartered accountants Wylie & Bisset has said that strong leadership is fundamental if family businesses are to survive the economic impact of COVID-19. Catherine McManus, tax partner, said that there is no doubt that 2020 is going to go down as a unique year in history due to the worldwide impa

The Financial Conduct Authority (FCA) has today set out expectations for general insurance firms and provided information for consumers about what they should see from their insurance provider during the coronavirus pandemic.

Scottish businesswoman Marie Macklin CBE has offered £100,000 community cash fund to support the communities of Kilmarnock, which will help tackle the local impact of the coronavirus pandemic on the places closest to her heart. Having seen first-hand how the pandemic is directly affe

Hundreds of customers are being refunded a share of £380,000 after insurance company Paymentshield failed to send important information about PPI policies. The Competition and Markets Authority (CMA) has issued Paymentshield with legally binding directions after it failed to send payment prote

The number of young people ages 16-24 years in employment in Scotland from January 2019 to December 2019 has increased from 57.2% to 57.9%, according to the Annual Population Survey.

Challenger bank Revolut has launched a banking app for kids.