Plan now to avoid festive finance hangover, says Community Bank chief

Falling behind with post-festive finances needn’t be the ‘horror story’ that is often depicted by the media, according to the founder of an Edinburgh-based community bank, which is already dealing with a ‘steady stream’ of savings applications for next Christmas. Continue reading Plan now to avoid festive finance hangover, says Community Bank chief

Scottish business confidence low but ‘modest’ job creation on horizon, according to new Business Barometer

Bank of Scotland’s Business Barometer for January 2018 shows:

  • Overall confidence for firms in Scotland is at 18 per cent
  • Firms’ confidence in their own business prospects is 22 per cent
  • Some job creation on the horizon, with a net balance of four per cent of businesses looking to employ more staff in 2018

Business confidence in Scotland stands at 18 per cent in January, according to the latest Business Barometer from Bank of Scotland. Continue reading Scottish business confidence low but ‘modest’ job creation on horizon, according to new Business Barometer

Scots at risk of being unprepared for death

 

  • Half (50%) of adults in Scotland with important financial information online haven’t told their next of kin about their online financial accounts
  • Whereas one in eight (13%) in the region have thought about their Facebook account when they die
  • Almost two thirds (63%) of Scottish people don’t have a will
  • Nearly half (47%) of Scotland’s parents with children aged 18 and under don’t have plans for their children in the event of their death

Continue reading Scots at risk of being unprepared for death

Tories are bad for your health, Macpherson warns

Tory tax proposals could mean cuts of up to £74.2M in NHS Lothian, according to new Scottish Government analysis.

With the Scottish Parliament set to vote on Stage 1 of the budget this month, the Tories are proposing tax cuts for high earners that would leave a £500 million hole in the budget. With health receiving the largest share of devolved spending, a £500 million fall in available spending would see the NHS in the firing line – and NHS Lothian could lose up to £74.2M.

SNP MSP Ben Macpherson said: “Under the SNP, the NHS has record staffing and record funding – and the draft Scottish Government budget would see that funding increased. 

“But this investment is only possible because of decisions taken by the Scottish Government, with progressive policies seeing higher earners paying slightly more to support our public services. 

“Ruth Davidson’s Tory tax plans would blow a £500 million hole in the Scottish Government’s budget – this would be another Tory cut to Scotland’s public spending, on top of the £2.6bn of cuts that the Tory UK government are already imposing on Scotland over a decade of Westminster austerity. 

“Scottish Conservative policies would damage public services in our capital city, including cuts to the NHS, and their Tory cuts would be equivalent to cutting 1777 nurses in our region – the Tories should explain why they’d prefer to give a handout to millionaires than to fund our hospitals.” 

 Territorial Board

£501 million reduction

Equivalent number of nurses

£m

Ayrshire and Arran

-37.1

888

Borders

-10.5

251

Dumfries and Galloway

-14.9

356

Fife

-34.1

816

Forth Valley

-27.2

651

Grampian

-49.5

1185

Greater Glasgow & Clyde

-111.9

2680

Highland

-32.3

773

Lanarkshire

-61.9

1482

Lothian

-74.2

1777

Orkney

-2.4

57

Shetland

-2.5

59

Tayside

-39.3

941

Western Isles

-3.3

79

Total

-501.0

12000

 

 

Tick tax returns off your Christmas list and avoid snowballing fines, warns local tax specialist

Local small businesses are being urged to complete their online tax returns ahead of the Christmas festivities to avoid snowballing fines. Continue reading Tick tax returns off your Christmas list and avoid snowballing fines, warns local tax specialist

Time running out to have your say on Council budget

edinburgh castle 9

Edinburgh’s Finance leaders will take to the City of Edinburgh Council’s Twitter account from 6 – 7pm tomorrow (Monday 18 December ) to answer your questions about budget and services. The budget consultation closes on TUESDAY. Continue reading Time running out to have your say on Council budget