Covid-19

Commercial insurance firms are removing cover from their policies because of the coronavirus pandemic, according to the latest data from Mactavish.

Glasgow City Council is to begin planning how to best recover economically from the COVID-19 pandemic.

RBS owner NatWest is hosting a Facebook Live session to highlight how criminals are taking advantage of the coronavirus to scam customers. The innovative session is in response to Action Fraud reporting a 400% increase in coronavirus related frauds and scams in the last month.

Businesses in Ontario, Canada are attaching card readers to hockey sticks to allow customers to pay for goods while adhering to social distancing measures.

The Scottish Government has announced that support for the newly self-employed and firms suffering hardship to be paid in early May. Economy secretary Fiona Hyslop has confirmed that grant funding for the newly self-employed suffering hardship and SMEs in distress will be available in the coming day

Results from the latest British Chambers of Commerce (BCC) Coronavirus Business Impact Tracker have revealed that the vast majority of businesses surveyed have furloughed a proportion of their workforce.

Royal Bank of Scotland is introducing a new ‘companion card’ – a supplement card to an existing current account that enables vulnerable customers and those in extended isolation to give trusted volunteers a way to pay for their essential goods.

Paul Scullion, senior associate in the corporate financial team at Burness Paull, discusses government support for early-stage and high-growth businesses. A recurring theme in response to the various coronavirus-related financial support measures announced by the UK and Scottish Governments thus far

Scottish retail sales have declined by 13.0% compared with March last year, according to the latest Scottish Retail Consortium (SRC) and KPMG Scottish Retail Sales Monitor. 

Consumer Price Inflation dropped to 1.5% in March marking a decrease from 1.7% in February this year, according to the latest Office for National Statistics (ONS) Consumer Prices Index.

UK car insurer Admiral has announced that it will give back £110 million to its car and van insurance customers in recognition of the fact that its customers are staying at home and driving less during the UK wide COVID-19 lockdown.

Consumer rights organisation Which? has claimed that the UK's largest airlines and holiday provers are breaking the law by either refusing to refund customers or issuing credit notes automatically for cancelled flights and package holidays.

Alness-based Northern Recycling Solutions is continuing to supply essential services to the NHS with the support of Bank of Scotland. Bank of Scotland is supporting Northern Recycling Solutions with a six-figure Coronavirus Business Interruption Loan (CBIL) and a six-month capital repaymen

Accountancy firm Grant Thornton has issued pay cuts and slashed the hours of an estimated 300 UK employees as the firm attempts to reduce running costs without drawing on government coronavirus support. Grant Thornton said that some teams in areas where the firm was less busy would be working &

The Scottish Government has called upon the UK Government to fill gaps in the funding schemes implemented to help businesses during the coronavirus pandemic.