The UK has signed the first-ever international legally binding treaty aimed at ensuring that the use of AI systems is fully consistent with human rights, democracy and the rule of law. The Council of Europe Framework Convention on artificial intelligence and human rights, democracy, and the rule of
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The UK government has abandoned plans to introduce a 'British ISA', a new type of Individual Savings Account that would have exclusively channelled savers' money into UK-listed stocks. Concerns arose that this new product would further complicate the investment market for individuals.
Scottish renewable energy projects with a joint capacity to generate almost 2GW of clean electricity have today won contracts in a vital UK auction.
It has been revealed that Aberdeen is set to become the headquarters for the UK government's new publicly-owned energy company, GB Energy. Sources close to the government have confirmed the news, although an official announcement from the Department for Energy Security and Net Zero is still pending,
The UK government’s proposed fiscal policy would generate a loss in economic value of around £13 billion compared to the economic contribution generated under the current windfall tax regime, according to Offshore Energies UK (OEUK). The energy trade body has released
The UK government's stake in RBS-owner NatWest Group has been further reduced from 18.99% to 17.97%. The Treasury's sale of the shares comes after the new Labour government decided it will no longer go forward with plans for a public offering of the government's remaining stake to retail investors.
City leaders have expressed concerns over the Prime Minister's warning of a "painful" Budget this autumn, urging caution against "punishing risk-takers" and "taxing wealth creators". In his first major speech from No 10's Rose Garden, Prime Minister Keir Starmer revealed that public finances are "wo
KPMG UK has been awarded a government contract worth up to £223 million to provide training and development services to civil servants across Whitehall. This represents the second-largest public sector contract ever granted to the Big Four firm.
The UK government has revealed it is considering introducing a 'right to switch off' for workers, allowing them to ignore work-related communication outside of working hours. The move aims to boost productivity and economic growth by preventing the blurring of lines between work and home life, Sky N
The new UK government has cancelled a planned retail share sale of its remaining stake in Royal Bank of Scotland-owner NatWest.
The UK government's shareholding in RBS-owner NatWest Group has dropped below 20% for the first time since its bailout in 2008.
Employers should think ahead in preparation for the biggest changes to UK workplace laws in almost 30 years, Scottish lawyers have advised. Prime Minister Keir Starmer has vowed that his Labour government will start to introduce a raft of new legislation affecting everything from parental
The Institute of Chartered Accountants of Scotland (ICAS) has urged the next UK government to prioritise audit and corporate governance reform to rebuild trust in businesses and safeguard livelihoods. The call is part of ICAS’ five key asks for the next government aimed at building a more sust
UK government consulting spending faces major cuts as both main political parties have pledged to halve external advisory costs, potentially saving £3 billion over five years. This move follows record-high spending since the last election, driven by pandemic response, digital projects, and civ
RBS-owner NatWest Group has bought back a further £1.24 billion worth of its own shares from HM Treasury. This works out to 392.4 million shares bought back from the government at 316.2p per share, and, combined with HMT’s ongoing trading plan, reduces government ownership in the bank to