2 minutes
Richard Lloyd has been selected as interim chair of the Financial Conduct Authority (FCA) while the Treasury searches for Chris Randell's permanent successor. Aidene Walsh will act as interim chair of the Payment Systems Regulator (PSR) from 1 April 2022.
2 minutes
During a session of the Joint Executive Committee (JEC) with the chief decretary to the Treasury Simon Clarke, finance secretary Kate Forbes outlined some of the challenges needing to be addressed as part of the forthcoming joint review of the Scottish Fiscal Framework. Chairing the meeting in Londo
3 minutes
Government plans for a new “pay-as-you-go” income tax system for the self-employed will burden small businesses, UK experts have warned.
2 minutes
The Treasury, the Bank of England and the Financial Conduct Authority (FCA) will be convening an industry working group to facilitate investment in productive finance. Investment in productive finance refers to investment that expands productive capacity, furthers sustainable growth and can make an
3 minutes
Landlords, small business owners, investors and second-home owners are facing a rise in tax after a review ordered by Chancellor Rishi Sunak. The chancellor is considering proposals by the Office of Tax Simplification (OTS) to reform capital gains tax to help pay for the Covid-19 pandemi
2 minutes
UK Government financial support schemes to aid businesses recovering from coronavirus have paid out £2.3 billion to 65,000 firms in Scotland, according to the Treasury. Announced in April, the bounce back loans scheme offers between £2,000 and 25% of the turnover of small and medium busi
4 minutes
The Scottish Government has announced that its budget will be published on 6 February 2020. The announcement comes after the UK Government confirmed that its budget would be delayed until 11 March 2020.
3 minutes
National Savings and Investments (NS&I) has announced that it will slash interest rates on 1.5 million accounts. The bank, which is backed by the Treasury, is cutting interest rates on 1.5m accounts which contain almost £25bn worth of savings. Experts have blamed the move on a no-deal Brex
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