COVID-19



Chris Dunn: Banking and finance - issues currently facing housing associations

Chris Dunn, partner at Brodies LLP, details the current issues facing Scottish housing associations in terms of banking and finance in the current COVID-19 climate.

Published 3 April 2020

Steven McKay: COVID-19 and employee benefits

Steven McKay, head of employee benefits at chartered financial planners Mearns & Company, discusses the coronavirus pandemic and employee benefits.

Published 3 April 2020

Scottish Government announces £10m to support seafood processing businesses

Financial support for seafood processors to help them through economic pressures related to the coronavirus pandemic will be available through a new £10 million scheme announced by the Scottish Government.

Published 3 April 2020

APIL and ABI agree new approach for personal injury cases in Scotland during coronavirus pandemic

The Association of Personal Injury Lawyers (APIL) and the Association of British Insurers (ABI) have agreed a new approach to the handling of personal injury cases in the Scottish courts under the current COVID-19 situation.

Published 3 April 2020

RBS and Prince's Trust launch £5m coronavirus fund for young entrepreneurs

The Prince’s Trust and RBS owner NatWest have announced the launch of a £5 million fund to help young entrepreneurs across the UK to keep their businesses afloat during the coronavirus crisis.

Published 3 April 2020

And finally... mint condition

The Royal Mint is the latest in a line of companies swapping their production to create medical supplies for the NHS during the coronavirus pandemic, as it announced it would manufacture thousands of visors for the NHS frontline staff.

Published 3 April 2020

FCA calls for loan and credit card payments to be frozen

The Financial Conduct Authority (FCA) has called for lenders to offer a temporary payment freeze on loans and credit cards for up to three months for consumers facing financial difficulties as a result of coronavirus.

Published 2 April 2020

Regional REIT maintains dividend

Glasgow-managed commercial landlord Regional REIT has announced that it will maintain its Q4 dividend despite the coronavirus crisis.

Published 2 April 2020

BCC: Nearly two-thirds of UK businesses only have three months of cash reserves

Results from the British Chamber of Commerce's (BCC) first COVID-19 Business Impact Tracker paint a concerning if unsurprising picture for business communities affected by coronavirus, as almost two-thirds of UK businesses reported that they only have three months of cash reserves available. 

Published 2 April 2020

Annual house price growth increased before coronavirus crisis struck the UK

Annual house price growth marginally increased just before the coronavirus pandemic struck the UK, according to the latest Nationwide House Price Index.

Published 2 April 2020

Bank shares drop after regulator orders dividend suspension

Banks across the UK have seen their share prices drop as they were forced to freeze dividend payments and share buybacks after the Bank of England's Prudential Regulation Authority (PRA) called for the dividends to be suspended.

Published 2 April 2020

Mortgage lenders seek 40% deposits

Britain's mortgage lenders have dramatically increased their loan-to-value deposits for house purchases with Halifax and Barclays among those seeking 40% down-payments to fund buyers amid rising expectations of a housing crash. 

Published 1 April 2020

City Blinds & Shutters collapses amid coronavirus crisis

Glasgow-based City Blinds & Shutters has closed down due to the coronavirus pandemic.

Published 1 April 2020

Clydesdale Bank branch closures postponed

Virgin Money, formerly known as Clydesdale Bank, has announced that it will not proceed with the branch closures and job cuts announced in February, as a result of the current situation with COVID-19.

Published 1 April 2020

Scottish business tenants to be protected from eviction

Small business tenants are set to get new protection from eviction during the coronavirus outbreak, thanks to new legislation set to be passed by Holyrood today.

Published 1 April 2020