COVID-19



Scottish companies seek guidance as government support schemes take effect

Scottish businesses hit by the coronavirus lockdown could be ready to hit the ground running once they are given clear guidance from the Scottish Government on returning to work, according to a new survey by the Scottish Chambers of Commerce.

Published 20 May 2020

BCC: Firms begin to reopen but one in ten cannot implement government coronavirus guidance

One in ten firms across the UK cannot implement government guidance safely in order to restart operations, according to results from the latest British Chambers of Commerce (BCC) Coronavirus Business Impact Tracker.

Published 20 May 2020

UK inflation rate drops to lowest rate since 2016

The UK's inflation rate dropped last month to its lowest level since August 2016 as the economic fallout of the first month of the lockdown hit prices.

Published 20 May 2020

BDO: Fraud cases expected to rise in Scotland this year

Fraud cases in Scotland are expected to rise this year as fraudsters are increasingly taking advantage of the coronavirus outbreak, according to a new report by from accountancy and business advisory firm BDO.

Published 19 May 2020

Coronavirus statutory sick pay rebate scheme to launch in May

A new online service for small and medium sized employers to recover statutory sick pay (SSP) payments they have made to their employees will launch on May 26, the UK Government has announced today.

Published 19 May 2020

Aberdeen Standard Fund wipes third off value due to coronavirus crisis

The ongoing economic impact of the coronavirus outbreak has wiped a third off the assets of Aberdeen Standard Equity Income Trust, a fund managed by Aberdeen Standard Investments.

Published 19 May 2020

ONS: Scotland's employment rate dropped in first quarter of the year

Between January and March 2020, Scotland’s employment rate dropped to 74.7% and the unemployment rate estimate rose over the quarter to 4.1% according to the latest Labour Market Statistics Update by the Office for National Statistics (ONS). 

Published 19 May 2020

CLBILS scheme extended to offer larger businesses loans of up to £200m

The UK Government has extended the maximum loan size available through the Coronavirus Large Business Interruption Loan Scheme (CLBILS) from £50 million to £200m.

Published 19 May 2020

And finally... udderly unacceptable

A group of young men who gave cider to cows in Castle Park in Dedham have been fined for flouting lockdown restrictions.

Published 19 May 2020

RSM: Scottish directors must act in the best interests of stakeholders or could be found personally liable

Audit, tax and consultancy firm RSM has urged Scottish directors to act in the best interest of stakeholders warning that if they do not, they could be found personally liable. 

Published 18 May 2020

AAB video calls for businesses to apply for government funded loans in preparation for restart phase

Lyn Calder, a managing partner of Anderson Anderson & Brown (AAB), appears in one of the firm's new videos urging more businesses to apply for the government COVID-19 loan schemes such as CBILS and Bounce Back with the aim of positioning themselves strongly for the ‘new normal’.

Published 18 May 2020

Scottish Friendly: Millions of savers are relying on rainy-day funds to cope with impact of coronavirus

Analysis by 3Gem Research & Insights on behalf of Scottish Friendly has revealed that 45% of savers in Britain expect to draw money out of savings and investments to cope with the impact coronavirus is having on their household finances.

Published 18 May 2020

Chiene + Tait: Kiwis offer post-lockdown lessons for UK business

David Shadwell, accounts and business support partner at accountants Chiene + Tait, recently returned to the UK after spending nine years in Wellington, New Zealand. He details the lessons Scottish businesses can learn from New Zealand as we begin the process of coming out of lockdown.

Published 18 May 2020

Bank of England considers negative interest rates

The Bank of England’s chief economist has suggested that it is considering introducing negative interest rates to help alleviate the economic woes created by the coronavirus pandemic.

Published 18 May 2020

Scottish Government announces £800,000 investment in seafood sector

Shellfish growers and trout producers will receive a share of £800,000 of Scottish Government funding to help make improvements to their businesses to mitigate the impact of the global coronavirus pandemic.

Published 18 May 2020