COVID-19



Business Improvement Districts to support coronavirus recovery with £1 million Scottish Government fund

Many Business Improvement Districts (BIDs) in Scotland will be at the forefront of the local response to the COVID-19 outbreak through a £1 million resilience fund made available by the Aileen Campbell, cabinet secretary for communities and local government.

Published 31 March 2020

Shepherd calls for rating appeals to be lodged due to COVID-19 crisis

Shepherd Chartered Surveyors has called for rating appeals to be lodged and ideally to be backdated to 4 March 2020 as a result of a material change of circumstances arising from the coronavirus pandemic.

Published 31 March 2020

Hammerson sees rents drop amid coronavirus crisis

Hammerson, the retail property company which owns Aberdeen's Union Square and Glasgow's Silverburn, has seen a major slump in rents, as two-thirds of the rent it expected to collect last week was not sent due to the economic impact of the coronavirus pandemic.

Published 31 March 2020

BrightHouse collapses amid coronavirus lockdown

The UK's biggest rent-to-own company, BrightHouse, has collapsed, with Grant Thornton appointed as administrators.

Published 31 March 2020

Black Isle Brewery sees sales plummet by 95% amid COVID-19 crisis

Black Isle Brewery has warned that the coronavirus crisis could be "disastrous" for the brewing industry in Scotland, after the company reported a 95% decrease in sales.

Published 31 March 2020

Supermarkets to benefit from £3 billion tax break

Supermarkets in the UK are to benefit from a £3 billion tax break whilst sales skyrocket due to the coronavirus lockdown, according to Tax Watch UK.

Published 31 March 2020

Loganair prepares to ask for state bailout

Loganair is preparing to ask for a government bailout to sustain its business in the next few days.

Published 31 March 2020

Record low interest rates could see savers rate of return fall by over 62%

The Bank of England’s (BoE) decision to lower interest rates to an all-time low of 0.1% could see UK savers' rate of return fall by as much as 62.5%, according to the latest research by peer-to-peer lending platform Sourced Capital. 

Published 31 March 2020

UK economy stagnated in fourth quarter of 2019

The UK economy stagnated in the fourth quarter of 2019, according to the latest data from the Office for National Statistics (ONS).

Published 31 March 2020

Scottish Government announces £25m of emergency funding for third sector

The Scottish Government has pledged £25m worth of funding to third sector organisations across Scotland through the newly created Third Sector Resilience Fund (TSRF).

Published 31 March 2020

UK ditches wrongful trading insolvency laws

The UK's wrongful trading laws will be suspended to allow businesses to "weather the storm" of the coronavirus pandemic, Alok Sharma, the UK business secretary, has announced.

Published 30 March 2020

French Duncan helps ensure private sector front-line workers still get paid on time

Accountancy and business advisory firm French Duncan have today offered free help to any front-line business (such as pharmacies, food manufacturers or doctor’s surgeries) who might be struggling with extra administrative burden to ensure their staff still get paid on time.

Published 30 March 2020

RBS matching customer donations to provide £5m to National Emergencies Trust

Royal Bank of Scotland has today announced a donation-matching programme of up to £5 million for the National Emergencies Trust (NET) coronavirus appeal, aimed at leveraging a further £5m of support from the public.

Published 30 March 2020

Laura Brown: Self-employed financial support: COVID-19

Laura Brown, an advisor at Murray Beith Murray, a Scottish private client law firm, details the financial support made available to those who are self-employed, as part of the UK Government's coronavirus economic support measures.

Published 30 March 2020

Moves made to lessen impact of coronavirus on Scottish housing market

Efforts are under way to help prevent further disruption to the buying and selling of homes across Scotland after Registers of Scotland (RoS) temporarily closed the application record and the UK Government advised home buyers and renters to delay moving unless the new property is empty.

Published 30 March 2020