UK economy fell into recession after people cut spending

People spending less, doctors’ strikes and a fall in school attendance dragged the UK into recession at the end of last year, official figures show.The economy shrunk by a larger than expected 0.3% between October and December, after it had already contracted between July and September.The UK is in recession if it fails to grow […]

Recession fears confirmed for business by latest ONS data

Responding to the ONS’ first GDP estimate for the fourth quarter of 2023, Dr Liz Cameron CBE, Chief Executive of the Scottish Chambers of Commerce, said: “A contraction in GDP for the final quarter of 2023 means the UK economy is in technical recession. Businesses were already clear about the challenges that they face, and […]

SCC co-signs letter calling for business rate surtax rethink

Sixteen leading business representative groups have jointly written to the Scottish Government’s Deputy First Minister & Finance Secretary, Shona Robison MSP, to voice alarm at the Scottish Government’s consideration of a new business rate surtax and what it means for wider tax policy towards commerce. The sixteen organisations represent a broad cross section of Scottish […]

Minimum alcohol unit price in Scotland to rise to 65p

The minimum unit price (MUP) for alcohol in Scotland is to be raised from 50p to 65p, it has been announced. Deputy First Minister Shona Robison announced the plan on Thursday in a statement to Holyrood. This means shops in Scotland will not be able to sell a bottle of wine for less than £6.09. […]

Poll shows only a third think Scotland good place to do business

Business leaders have demanded Scotland’s reputation as an “uncompetitive” place to do business must change, as a new poll found only a third of people think the nation is good for business. The poll, carried out by Survation for consultancy firm True North, showed almost half of people think Scotland has a bad policy environment […]

Jeremy Hunt: Less scope for tax cuts in Budget

Jeremy Hunt has said there is likely to be less scope for tax cuts in the March Budget than there was last autumn. The chancellor told the BBC he wanted to “lighten the tax burden” to help grow the economy. But he said this had to be done in a “responsible” way. In last year’s […]

Changes to legal migration rules for family and work visas in 2024

The Home Office has announced a timetable for upcoming changes to the UK’s migration and visa systems. What are the five changes? 1. Social care workers will not be allowed to bring dependants (that is, partners and children) on their visa. 2. The baseline minimum salary to be sponsored for a Skilled Worker visa will […]

JUST 10 DAYS TO GO UNTIL SCOTLAND’S TRADE FAIR

Choice, creativity and innovation are the recurring themes at Scotland’s Trade Fair, a mere 10 days away at the SEC, Glasgow from 21-23 Jan 2024. With an impressive 30% of all exhibitors new to the Show, coupled with the launch of many 2024 ranges from existing suppliers, this is the one event to discover, stock […]

VisitScotland CEO set to retire

Malcolm Roughead OBE, Chief Executive of VisitScotland, is to retire after more than 20 years with the national tourism organisation. Malcolm first joined the organisation in May 2001 as Director of Marketing and was appointed Chief Executive in September 2010. He will retire later this year. Under his leadership, VisitScotland has worked to grow Scotland’s […]