Main Menu

Day: 3 March 2021

FSCS steps in

3,500 members of failed credit union due payouts

Money - own pic
Compensation on way Members of a failed Scottish credit union will share £3.3 million in compensation from the Financial Services Compensation Scheme (FSCS). The FSCS has stepped in to protectRead More

Budget 2021: Business taxes

Big business bears brunt of corporation tax hike

WeWork
Small firms will escape the hit Corporation tax is to rise to 25% but only from April 2023 and only for big companies. Firms with profits over £250,000 will beRead More

Budget 2021: SMEs and retail

New grant scheme to aid business recovery

Sale shop retail
Aid: Help for business. The UK Government is to introduce a new Restart Grant next month as it bids to help businesses back onto their feet. Chancellor Rishi Sunak saidRead More

Budget 2021: Personal tax

Tax gulf widens for higher rate taxpayers

Income tax own pic
personal taxes here The income tax threshold for higher earners has widened between England and Scotland after Mr Sunak lifted the 40p rate to £50,270. Scottish Finance Secretary Kate ForbesRead More

Digital support

Adimo aims for US after Maven raises funds

Adimo
Adimo: working with global brands UPDATED 4 March: Maven Capital Partners, an investor in smaller businesses, has led a £1.54 million funding round for Glasgow-based Adimo, a marketing technology platformRead More

First Bus order

ADL to supply electric buses to Glasgow ahead of COP26

BYD-ADL-Enviro200EV-electric-single-deck-bus
Electric bus to hit Glasgow streets this year Bus builders Alexander Dennis and BYD UK have secured an order for 22 electric single deck vehicles from First Bus to beRead More

Budget 2021: Economy and markets

Support schemes offer some cheer for markets

London and financial services
Market response was generally positive (pic: Terry Murden) Rishi Sunak said he wanted to level with the British public on the challenge facing the country and the economy as itRead More

Budget 2021: Scotland

Scotland benefits from UK’s ‘fiscal firepower’

Edinburgh Castle and Princes Street
Scotland receives £1.2 billion in consequentials (pic: Terry Murden) Scottish Secretary Alister Jack said the UK Government’s ‘fiscal firepower’ will continue to protect jobs and livelihoods right across the UnitedRead More

Budget 2021: Infrastructure

Freeports ‘will unlock private investment’

Port of Cromarty Firth
Port of Cromarty hopes to become a freeport The first eight freeports in England ‘unlocking billions in private investment’ have been named and the Chancellor said talks will take placeRead More

Budget 2021: Beer and spirits

Freeze on alcohol duty will warm the spirits

Beer and whisky
Cheers: Good news for pubs Pubs and bars severely hit by the pandemic received a welcome boost with the news that alcohol duty is to remain frozen for the secondRead More