Covid-19

One-third of Scots have less money in their current accounts since the COVID-19 lockdown came into effect, according to new research by PwC.

As UK businesses cautiously return to trading, a review of the last eight weeks of the Association of Chartered Certified Accountants (ACCA UK) and Corporate Finance Network (CFN) SME Health Tracker reveals that the lockdown has had a marked impact on SMEs’ financial outlook. Since e

House prices in the UK dropped again in May with prices 0.2% lower than in April, according to the latest Halifax House Price Index.

The journey into the next phases of pandemic management is well underway and the timing of opening of different industries is becoming clearer each week. It is good that the government has extended financial support under the Job Retention Scheme (JRS, or Furlough) and is allowing businesses to bri

The Scottish Building Society (SBS) has pledged that none of its customers will be at risk of losing their home over the next 12 months as it announced an emergency support package for customers in financial difficulty due to COVID-19. As well as banning repossessions, the society is extending the c

Dundee-based accountancy firm MHA Henderson Loggie has launched a special offer for healthcare and other key workers looking to save on specialist tax and financial planning services. From today, healthcare and key workers can benefit from a 20% reduction on tax return fees, ands the same reduction

The Corporate Insolvency and Governance Bill, which was debated in the House of Commons yesterday, is a significant step forward in attempts to mitigate the enormous economic damage caused by COVID-19, according to insolvency and restructuring trade body R3 in Scotland. The firm has said that b

UK new car sales were down -89.0% in May with just over 20,000 vehicles delivered as the coronavirus lockdown continued.

The UK employment rate had reached a joint-record high of 76.6% before the coronavirus crisis hit the UK according to the latest Labour Market Statistics update published by the Office for National Statistics (ONS).  The employment rate was 0.6 percentage points higher than a year earlier

Blair Nimmo, head of restructuring at KPMG UK, details the ways in which Scottish businesses are facing uncertainty and liquidity issues in the current financial climate. In the current environment of dramatically falling consumer demand and great uncertainty, those running the UK’s businesses

A debt repayment system similar to student loans payback schemes where companies only start repaying debt undertaken during the coronavirus crisis once they have turned a profit, has been proposed by the Institute of Directors (IoD) as critical to economic recovery.  Directors of UK businesses

Standard Life Aberdeen has told the majority of its staff to work from home until the end of this year. Yesterday the company told 4,900 UK employees working from home during the UK's lockdown not to expect to come back to the office this year.

Kris Keane, director at big-four audit firm Deloitte, details how firms can emerge from lockdown stronger than when they entered it. A typical crisis plays out over three time frames: ‘respond’, in which a company deals with the present situation and manages continuity; ‘recover&rs

Neil Mitchinson, director of Edinburgh Asset Finance, details why now is not the time for panic selling and ures that firm's let assets take some of the financial strain during the COVID-19 crisis. When the cry of “Fire!” rings out across a crowded theatre, it is a brave and level-headed

PwC is set to reopen offices across England with reduced occupancy from June 8. The firm's UK chairman Kevin Ellis said that the firm is planning a phased return to the office with this first step paving the way for more people returning to work in its offices.