The UK’s central bank, the Bank of England, raised its key interest rate by 0.25% to 4.5% on Thursday, its 12th consecutive rate rise. The…

Glasgow-based global engineering and mining giant Weir Group published a trading update for the first quarter ended March31,  2023, and reported growth in its order book. Weir reiterated its guidance…

By Mark McSherry The UK’s public sector net debt (PSND ex) at the end of March 2023 was £2.53 trillion — around 99.6% of GDP,…

A record number of people in Scotland are in work, according to latest figures released by the UK’s Office for National Statistics (ONS). ” … early…

The UK economy remains on course to suffer the sharpest contraction among the world’s advanced economies this year, the International Monetary Fund said on Tuesday,…

The UK central bank raised its benchmark lending rate on Thursday by a quarter point to 4.25%, the highest since 2008, and left the door…

The UK Debt Management Office (DMO) said it is planning to sell £241 billion of gilts in the current financial year — more than the £233 billion…

Scotland will need to “carefully manage” the decline in its massive oil and gas industry alongside the growth of the new low carbon sector to…

Shares of Glasgow-based global engineering and mining giant Weir Group rose about 7% on Wednesday after it reported that 2022 revenue rose 28% to £2.472 billion and…

A study by a senior official at the UK central bank found that Britain has suffered a loss of business investment worth £29 billion since the…

Ahead of the Six Nations rugby starting this weekend, new data from social investing network eToro shows that the strongest XV Scotland-headquartered stocks have easily…

Brexit is costing the UK economy £100 billion a year, with the the effects spanning everything from business investment to the ability of companies to…

Menzies Aviation and SAL Saudi Logistics Services said they have signed a Memorandum of Understanding to develop a comprehensive study on delivering best in class…

A manager of the £510 million Abrdn UK Smaller Companies Trust plc has said that UK markets may be “closer to their low point than other…

The Port of Grangemouth, Scotland’s largest freight hub, said it has exported a bumper Scottish tattie season with 65,000 tonnes of seed potato exported around…

The UK’s public sector borrowing (PSNB ex) in December 2022 was £27.4 billion, the highest December figure since monthly records began in January 1993, largely because…

The “full pain” of the conditions that roiled global markets in 2022 will only be felt in 2023, with significantly slower GDP growth, while in…

The UK government’s borrowing soared to £22 billion in November 2022 — £13.9 billion more than in November 2021 — according to the UK’s Office for National…

The latest labour market statistics from the UK’s Office for National Statistics (ONS) showed that Scotland’s estimated employment rate rose over the August to October 2022 quarter…

UK finance minister Jeremy Hunt on Thursday announced a number of tax increases and proposed tighter public spending in his £55 billion Autumn budget plan….

The Office for Budget Responsibility (OBR), a UK government agency, has forecast that living standards in the UK will fall 7% over two years, wiping out eight…

The Bank of England, the UK’s central bank, raised interest rates to 3% on Thursday from 2.25%, its biggest rate rise since 1989. However, the…

By Mark McSherry Moody’s Investors Service has changed its outlook on the government of the United Kingdom’s ratings to negative from stable. Moody’s maintained its…

By Mark McSherry — The debt interest payable of the UK government was £7.7 billion in September 2022 — £2.5 billion more than in September 2021…

Sterling rallied on Thursday as Liz Truss said she would resign as UK prime minister after 44 days of chaos. The UK pound was up…

The British pound and UK government bonds rose on Monday after new finance minister Jeremy Hunt scrapped Prime Minister Liz Truss’s economic plan — reversing…

By Mark McSherry UK prime minister Liz Truss fired her finance minister Kwasi Kwarteng on Friday — and scrapped parts of their economic package that…

By Mark McSherry — The £200 million Baillie Gifford China Growth Trust plc said “the risk of a Lehman’s style moment in China is very low” as…

Attempts by the UK central bank and Treasury on Monday to steady the pound failed to reassure markets — as sterling fell to record lows and…

The UK pound hit a new 37-year low against the US dollar and UK government bonds sold off sharply on Friday as markets prepared for…

By Mark McSherry The debt of the UK government was £2.427 trillion at the end of August 2022, an increase of £195.2 billion compared with…

The UK’s central bank raised its key interest rate to 2.25% from 1.75% on Thursday and said it will continue to “respond forcefully, as necessary” to…

Liz Truss will become the next prime minister of the UK after winning a leadership race for the UK’s Conservative party on Monday. Truss vowed…

Scotland’s public sector revenue has been estimated at £73.8 billion for 2021-22 — up a record £11.1 billion from the previous year. Scottish public spending…

The debt of the UK government was £2.388 trillion at the end of July 2022 — an increase of £188.4 billion compared with July 2021…

Finance Isle of Man announced it has signed a partnership agreement with FinTech Scotland “to promote and develop Insurtech and Fintech capabilities across the two…

By Mark McSherry The £600 million Baillie Gifford US Growth Trust plc announced its share price and net asset value (NAV) returned -45.5% and -35.3%…

The UK’s central bank on Thursday announced its biggest interest rate hike in 27 years and warned the UK is heading for more than a year…

The interest payable on UK central government debt in June 2022 was £19.4 billion — by far the highest since monthly records began in April…

Forth Ports announced that a new freight container shipping route has been launched at Grangemouth with global logistics group CMA CGM and its subsidiary Containerships…

Scotland’s economic growth forecast for 2023 has been revised down due to the impacts of cost increases on consumers and businesses — and the likelihood…

The UK central government paid interest on its debt of £7.6 billion in May — the third highest debt interest payment made by central government…

An “visionary” bid for a Forth Green Freeport for Scotland which “will re-industrialise the nation and create large scale economic development” has been submitted by…

The UK’s central bank raised interest rates for a fifth straight meeting on Thursday and sent a strong message it is prepared to make larger…

A multi-billion pound bid for an ambitious air, sea and rail economic zone on the River Clyde — supported by a large public private partnership…

SSE plc, the Perth-based renewable energy and power networks giant, said on Wednesday its investment in Great Britain’s electricity infrastructure system could total in excess of £24…

UK government borrowing was £144.6 billion in the financial year ending (FYE) March 2022, revised down by £7.2 billion from last month’s first provisional estimate, but remaining…

TIGA, the trade association for the UK video games industry, released new data showing that employment in the Scottish video games development industry grew 26%…

The UK central bank on Thursday raised interest rates to their highest since 2009 — hiking borrowing costs by a quarter-point to 1% to fight…

UK government borrowing was £151.8 billion in the financial year ending (FYE) March 2022, with the UK public sector net debt excluding public sector banks (PSND ex)…

UK finance minister Rishi Sunak announced tax cuts for workers and a reduction in fuel duty on Wednesday in his half-yearly budget update. Sunak set out…

UK government borrowing was £138.4 billion in the 11 months to February 2022, the third-highest financial year-to-February borrowing since monthly records began, according to the UK’s Office…

The UK central bank raised its key interest rate for the third successive policy meeting on Thursday amid soaring inflation which the bank warned may rise above…

The Institute for Fiscal Studies (IFS) has warned that UK finance minister Rishi Sunak will either have to spend and borrow billions of pounds more…

Global institutional pension fund assets in the 22 largest markets (the P22) reached a record $56.6 trillion at the end of 2021, according to the…

Interest payments on UK central government debt were £8.1 billion in December 2021, a December record and £5.4 billion more than in December 2020, according…

UK Government borrowing is estimated to have been £136 billion in the eight months to November 2021, the second-highest financial year-to-November borrowing since monthly records began…

The independent Scottish Fiscal Commission said on Thursday it expects a strong economic recovery in 2021-22, with Scottish GDP growing by 10.4% and economic activity…

UK government borrowing for the first six months of its fiscal year reached £108.1 billion by the end of September 2021, the second highest year-to-September borrowing…

Prudential plc, currently based in London, has announced it plans to raise up to $2.9 billion by selling stock in a new share offering in…

UK government borrowing for the first four months of its fiscal year stood at £78 billion at the end of July — the second-highest financial…

The latest estimates of the controversial and highly contested Government Expenditure & Revenue Scotland (GERS) statistics have revealed the full impact of the pandemic on…

Virgin Money, the Glasgow-headquartered banking group formerly known as CYBG, said on Tuesday its customer lending rose 0.4% to £72.5 billion in its third quarter…

Interest payments on the UK Government’s debt were £8.7 billion in June 2021, the highest monthly payment since records began in April 1997, the UK’s…

The UK’s Central Bank has become “addicted” to quantitative easing, according to a report published on Friday by the Economic Affairs Committee in the House of…

The total value of Scotland’s goods exports for the year ending March 2021 fell 22% or £7.1 billion to £25.6 billion compared with the previous…

The UK central bank’s monetary policy committee (MPC) said on Thursday it voted unanimously to maintain its benchmark lending rate at 0.1% and by 8-1…

The Office for National Statistics (ONS) said on Tuesday the UK Government’s borrowing is estimated to have been £24.3 billion in May 2021 — the second-highest May…

Perth-based energy and networks giant SSE plc said on Wednesday its £7.5 billion capital investment plan in low-carbon projects up to 2025 is on track, with “considerable…

The coronavirus pandemic forced the UK government to borrow £303.1 billion in the year ending in March, an increase of £246.1 billion on the previous…