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Scottish news bulletin

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Scottish news bulletin - 12th May 2009

12 May 2009

All newspaper references refer to Scottish editions. Where there is a link to a newspaper’s website, the relevant page reference is blue and underlined. Economy Recession: There are signs that the recession could be beginning to bottom out.

Scottish news bulletin - 11th May 2009

11 May 2009

All newspaper references refer to Scottish editions. Where there is a link to a newspaper’s website, the relevant page reference is blue and underlined. Economy Tighter Laws: Laws dealing with the failure of investment banks are to be…

Scottish news bulletin: 24th April 2009

24 Apr 2009

Budget 2009: The Institute for Fiscal Studies in its analysis of this week’s Budget warned of ‘two parliaments of pain’ as taxes rose and public services were slashed up to 2018.

Scottish news bulletin: 23th April 2009

23 Apr 2009

UK Budget: There is widespread coverage of yesterday’s Budget announcement by Chancellor Alistair Darling.

Scottish news bulletin - 22nd April 2009

22 Apr 2009

Deflation: The cost of living in Britain has fallen into the negative territory for the first time in almost half a century. The Retail Price Index dropped to minus 0.4 percent in March, according to the Office of National Statistics

Scottish news bulletin - 21st April 2009

21 Apr 2009

Budget: In a speech to the Scottish Trades Union Congress (STUC) the deputy Labour leader, Harriet Harman, appeared to distance herself from the Chancellor’s plans for spending cuts in Wednesday’s budget, arguing “you cannot cut your way out of…

Scottish news bulletin - 20th April 2009

20 Apr 2009

All newspaper references refer to Scottish editions. Where there is a link to a newspaper’s website, the relevant page reference is blue and underlined. Education Education Spending: There is wide coverage of Reform Scotland’s latest bulletin…

Scottish news bulletin - 17th April 2009

17 Apr 2009

Tourism: Philip Riddle, the chief executive of VisitScotland, is urging the UK and Scottish governments to create a tourism investment bank to pump cash into the recession hit sector.

Scottish news bulletin: 16th April 2009

16 Apr 2009

All newspaper references refer to Scottish editions. Where there is a link to a newspaper’s website, the relevant page reference is blue and underlined. Economy Public Debt: It is expected that the Chancellor, Alistair Darling, is set to…

Scottish news bulletin: 15th April 2009

15 Apr 2009

Further banking fears: Calls for requirements that banks should hold larger reserves in case of future economic problems, as proposed by Lord Adair Turner of the FSA, have caused senior bankers to fear that the Royal Bank of Scotland would be forced…

Scottish news bulletin: 14th April 2009

14 Apr 2009

All newspaper references refer to Scottish editions. Where there is a link to a newspaper’s website, the relevant page reference is blue and underlined. Economy Unemployment: Traditional manufacturing areas are showing the highest increases in…

Scottish news bulletin: 10th April 2009

10 Apr 2009

Patient Power: Reform Scotland’s health paper ‘Patient Power’, which has been launched today, has received wide coverage in the press. Director of Reform Scotland, Geoff Mawdsley, comments in the papers.

Scottish news bulletin: 9th April 2009

9 Apr 2009

Alex Salmond comment: The First Minister, Alex Salmond, has stated during his current stay in China that while Scotland’s economy has been “badly shaken”, it still has “huge strengths” and the ability to rebuild growth and prosperity. One of the First…

Scottish news bulletin 8th April 2009

8 Apr 2009

RBS job cuts: The Royal Bank of Scotland is expected to cut nearly 1000 jobs in Scotland as part of a worldwide move to save £2.5billion. 4500 staff throughout the UK as a whole and 9000 globally are expected to be affected.

Scottish news bulletin: 7th April 2009

7 Apr 2009

All newspaper references refer to Scottish editions. Where there is a link to a newspaper’s website, the relevant page reference is blue and underlined. Economy Public finances: The UK Government will have to find an extra £39bn by 2016…

Scottish news bulletin 6th April 2009

6 Apr 2009

All newspaper references refer to Scottish editions. Where there is a link to a newspaper’s website, the relevant page reference is blue and underlined. Economy Economic Downturn: The Chancellor, Alastair Darling, is expected to use his April…

Scottish news bulletin 3rd April 2009

3 Apr 2009

All newspaper references refer to Scottish editions. Where there is a link to a newspaper’s website, the relevant page reference is blue and underlined. Economy G20 Summit: Gordon Brown yesterday claimed that the process of ending the global…

Scottish news bulletin: 2nd April 2009

2 Apr 2009

All newspaper references refer to Scottish editions. Economy G20 Summit: World leaders meeting today will try to reach agreement on a plan to tackle the current economic crisis. French and German premiers are said to be taking a regulatory…

Scottish news bulletin: 1st April 2009

1 Apr 2009

G20 Summit: There is discussion of the plans which are to be announced by various world leaders on how the current economic crisis must be tackled. French and German leaders, Nicolas Sarkozy and Angela Merkel, will stage a joint press conference later…

Scottish news bulletin: 31st March 2009

31 Mar 2009

All newspaper references refer to Scottish editions. Where there is a link to a newspaper’s website, the relevant page reference is blue and underlined. Economy DBS: It has emerged that a consortium involving Scottish Friendly Assurance made…

Scottish news bulletin: 30th March 2009

30 Mar 2009

Dunfermline Building Society: The Chairman of Dunfermline Building Society (DBS) accused the Treasury of 'sacrificing' the Society by refusing to support a rescue package involving the Scottish Government and other building societies. DBS will now be…

Scottish news bulletin: 26th March 2009

26 Mar 2009

Fiscal Stimulus plan: Gordon Brown hinted yesterday that a fiscal stimulus would not feature in next month’s budget after he faced severe criticism yesterday for the move. Jobs losses: Banking giant HSBC yesterday announced that 1200 jobs are under…

Scottish news bulletin: 25th March 2009

25 Mar 2009

All newspaper references refer to Scottish editions. Economy Fiscal stimulus warning: Whilst appearing at the House of Commons Treasury Committee yesterday, Mervin King, governor of the Bank of England, warned against Gordon Brown’s fiscal…

Scottish news bulletin: 24th March 2009

24 Mar 2009

Treasury ministers are preparing to bail out the Dunfermline Building Society, which is in trouble, having reportedly run up losses in excess of £26 million. The Scottish Secretary Jim Murphy indicated that the UK Government would intervene with…

Scottish news bulletin: 20th March 2009

20 Mar 2009

Dunfermline Building Society: The Prime Minister, Gordon Brown, has been urged by both MPs and MSPs to intervene in order to secure the future of Scotland’s largest building society, Dunfermline. The calls follow the revelation that the building society…

Scottish news bulletin: 19th March 2009

19 Mar 2009

All newspaper references refer to Scottish editions. Where there is a link to a newspaper’s website, the relevant page reference is blue and underlined. Economy Building Societies: One of Scotland’s oldest building societies, the Dunfermline…

Scottish news bulletin: 18th March 2009

18 Mar 2009

All newspaper references refer to Scottish editions. Where there is a link to a newspaper’s website, the relevant page reference is blue and underlined. Economy Scotland’s future: Scotland’s economy continues to shrink and there will be further…

Scottish news bulletin: 17th March 2009

17 Mar 2009

RBS: Three big local authority pension funds, including Strathclyde Pension Fund, Scotland’s largest, are planning to sue RBS to try to reclaim some of the money they lost when the bank nearly collapsed last year. They allege that RBS failed to tell…

Scottish news bulletin: 16th March 2009

16 Mar 2009

Recession: Britain is showing signs of slipping into a thirties style recession where families find themselves pushed further and further into the red every month in a "debt deflation trap", according to the Bank of England.

Scottish news bulletin: 13th March 2009

13 Mar 2009

All newspaper references refer to Scottish editions. Where there is a link to a newspaper’s website, the relevant page reference is blue and underlined. Economy Madoff: The Royal Bank of Scotland has revealed losses in the region of £600…

Scottish news bulletin: 12th March 2009

12 Mar 2009

All newspaper references refer to Scottish editions. Where there is a link to a newspaper’s website, the relevant page reference is blue and underlined. Crime Prisoner’s compensation: The UK Government has signalled that it is prepared to make a…

Scottish news bulletin: 11th March 2009

11 Mar 2009

All newspaper references refer to Scottish editions. Where there is a link to a newspaper’s website, the relevant page reference is blue and underlined. Economy The Great Recession: The global economy will be slammed into reverse later this…

Scottish news bulletin: 10th March 2009

10 Mar 2009

Lloyds Banking Group: Pressure was said to be growing last night on the two senior figures at Lloyds Banking Group, Eric Daniels and Sir Victor Blank, to resign as further evidence emerged that the takeover of HBOS had been a disaster.

Scottish news bulletin: 9th March 2009

9 Mar 2009

All newspaper references refer to Scottish editions. Where there is a link to a newspaper’s website, the relevant page reference is blue and underlined. Economy Living Wage: Scotland’s biggest local authority is set to raise the minimum wage…

Scottish news bulletin: 6th March 2009

6 Mar 2009

Interest Rate Cut: The Bank of England have cut interest rates to a record low of 0.5 per cent, the sixth consecutive cut in as many months.

Scottish news bulletin: 5th March 2009

5 Mar 2009

Sir Fred Goodwin: Sir Fred Goodwin’s pension could be decreased under existing laws because he was ‘negligent’ in his business dealings, MPs have been told. Vince Cable, the Liberal Democrat deputy leader said yesterday that a new law may not be needed…

Scottish news bulletin: 4th March 2009

4 Mar 2009

PFI criticism: Money which will be lent to PFI projects across the UK to ensure continued development of infrastructure will not reach Scotland warned Jim Murphy, the Scottish Secretary last night. He attributes this to the SNP’s unwillingness to adopt…

Scottish news bulletin: 3rd March 2009

3 Mar 2009

All newspaper references refer to Scottish editions. Where there is a link to a newspaper’s website, the relevant page reference is blue and underlined. Economy HBOS: The former HBOS chief executive, Sir James Crosby, reportedly purchased an…

Scottish news bulletin: 2nd March 2009

2 Mar 2009

Unemployment: A further 320,000 jobs are set to be lost during the coming 3 months as companies respond to the recession. Business advisors BDO Stoy Hayward also said that companies are streamlining to cope with the downturn in the economy. (Herald page…

Scottish news bulletin: 27th February 2009

27 Feb 2009

All newspaper references refer to Scottish editions. Where there is a link to a newspaper’s website, the relevant page reference is blue and underlined. Economy Sir Fred Goodwin: Following yesterday’s anger at the news of his £690,000 a…

Scottish news bulletin: 26th February 2009

26 Feb 2009

All newspaper references refer to Scottish editions. Where there is a link to a newspaper’s website, the relevant page reference is blue and underlined. Economy Standard Life: Insurance giant Standard Life yesterday announced it would cut 195…

Scottish news bulletin: 25th February 2009

25 Feb 2009

Devolved financial powers: Scottish Labour and the Scottish National Party have both announced that they are in support of borrowing powers for Holyrood after Labour’s formal submission to the Calman Commission yesterday. It is now more likely that the…

Scottish news bulletin: 24th February 2009

24 Feb 2009

RBS: Shares in RBS rose yesterday after its chief executive proposed a radical restructuring of the bank which would see it split into a “good bank” and a “bad bank”. There was speculation that this could provide a model for other crisis-hit banks.

Scottish news bulletin: 23 February 2009

23 Feb 2009

RBS has announced that it will shed a fifth of its global business and return to its banking roots. This shake-up could result in up to 20,000 job losses, though insiders are hopeful that the Scottish workforce will be spared.

Scottish news bulletin: 20 February 2009

20 Feb 2009

National Debt: In the nine months leading up to January, public borrowing grew to a record £67.2bn. UK government statisticians have recalculated Britain’s national debt at £1.5 trillion following the part-privatisation of Royal Bank of Scotland and…

Scottish news bulletin: 19th February 2009

19 Feb 2009

Government and banks may not always have the answer; Peter MacMahon comments on the Treasury Select Committee of last week and the banking crisis.

Scottish news bulletin: 18th February 2009

18 Feb 2009

Banking Bonuses: Chancellor, Alistair Darling, yesterday made a move towards a 90% cut in the bonuses of employees at the Royal Bank of Scotland announcing also that lesser-paid staff will be given a 10% pay-rise to make up for the shortfall in…

Scottish news bulletin: 17th February 20097

17 Feb 2009

Lloyds Banking Group/HBOS: Sir Peter Burt, the last chief executive of Bank of Scotland, has blamed “greed” for the over-expansion of the bank (Herald page 1). Analysts warned that Lloyds Banking Group could lose an additional £16bn. Moody’s Investor…

Scottish news bulletin: 16th February 2009

16 Feb 2009

Lloyds banking group and the Treasury will defy calls for the bank to be nationalised despite the collapse in its shares triggered by bigger than expected losses at HBOS.

Scottish news bulletin: 13th February 2009

13 Feb 2009

HBOS: The FSA insisted yesterday that an investigation into HBOS was underway long before Mr Moore raised concern that the bank was “going too fast”. Earlier this week former HBOS chief executive Sir James Crosby quit his position as deputy chairman of…

Scottish news bulletin: 12th February 2009

12 Feb 2009

All newspaper references refer to Scottish editions. Where there is a link to a newspaper’s website, the relevant page reference is blue and underlined. Economy Financial Services Authority/HBOS: Gordon Brown’s handling of the financial crisis…

Scottish news bulletin: 11th February 2009

11 Feb 2009

All newspaper references refer to Scottish editions. Where there is a link to a newspaper’s website, the relevant page reference is blue and underlined. Economy Treasury Select Committee: The four former banking chiefs of RBS and HBOS…

Scottish news bulletin: 10th February 2009

10 Feb 2009

Banking Sector: Four of the former bank heads of Royal Bank of Scotland and HBOS will be asked today before the Treasury Select Committee to explain what went wrong to cause the demise of the two banks

Scottish news bulletin: 9th February 2009

9 Feb 2009

RBS Bonus Row: Alistair Darling is set to announce an independent review into Britain’s banking system amid concerns over lack of vigilance by directors and the prospect of huge bonuses for staff.

Scottish news bulletin: 6th January 2009

6 Feb 2009

Scottish Economic Crisis: Three of SNP’s largest backers have called for a meeting with the First Minister, Alex Salmond in order to voice their concerns over the continued economic downturn.

Scottish news bulletin: 5th February 2009

5 Feb 2009

All newspaper references refer to Scottish editions. Where there is a link to a newspaper’s website, the relevant page reference is blue and underlined. Economy £250m for Small Businesses: The Royal Bank of Scotland said yesterday that…

Scottish news bulletin: 4th February 2009

4 Feb 2009

GDP: Britain’s economy is set to contract this year at its sharpest rate in 60 years and will only see an insipid recovery in 2010, says the National Institute of Economic and Social Research. GDP is poised to contract a further 2.7 percent this year.

Scottish news bulletin: 3rd February 2009

3 Feb 2009

Wildcat strikes: More than 1500 Scottish contract workers went on strike yesterday in protest against the use of foreign labour. Acas, the independent arbitration service, is due to report shortly about the contract deal which sparked the original…

Scottish news bulletin: 2nd February 2009

2 Feb 2009

Economic Crisis: Comments on the increasing economic crisis. (Gavin McCrone in the Scotsman, Bill Jamieson in Scotsman, Times page 43) Energy: The Scottish Government is laying the groundwork for economic recovery by investing in jobs in renewable green…

Scottish news bulletin: 30th January 2009

30 Jan 2009

Parent Power: There has been coverage in numerous newspapers on Reform Scotland’s latest report Parent Power, which examines how the principles of greater choice and competition might be applied to the Scottish education system to raise overall…

Scottish news bulletin: 29th January 2009

29 Jan 2009

All newspaper references refer to Scottish editions. Where there is a link to a newspaper’s website, the relevant page reference is blue and underlined. Economy Recession: The International Monetary Fund (IMF) warned the UK would suffer the…

Scottish news bulletin: 28th January 2009

28 Jan 2009

All newspaper references refer to Scottish editions. Where there is a link to a newspaper’s website, the relevant page reference is blue and underlined. Economy Shipbuilding Campaign: The Scottish Executive yesterday announced the launch of a…

Scottish news bulletin: 27th January 2009

27 Jan 2009

Economy. Job Losses: More than 69,000 job losses were announced yesterday as companies such as Pfizer, Caterpillar, ING and Philips, shed staff in the United States and Europe to try and ride out the global financial crisis. (Scotsman page 5, Herald…

Scottish news bulletin: 26th January 2009

26 Jan 2009

Governments economic plans: Gordon Browns plans to revive the economy by spending billions to build schools, hospitals and roads have been setback over lack of private finance and the crippling recession. Plans involving more than 100 schools and…

Scottish news bulletin: 23rd January 2009

23 Jan 2009

Economy. Recession: The United Kingdom is officially in a state of recession today, after figures showed that the economy contracted by 1.5% in the final three months of last year. Britain is in the grip of its sharpest recession for three decades…

Scottish news bulletin: 22nd January 2009

22 Jan 2009

All newspaper references refer to Scottish editions. Where there is a link to a newspaper’s website, the relevant page reference is blue and underlined. Economy Retirement: One in four workers has to abandon dreams of an early retirement…

Scottish news bulletin: 21st January 2009

21 Jan 2009

Banking enquiry: Labour and the Liberal Democrats support a proposal that would see the former bosses of HBOS and Royal Bank of Scotland (RBS) called to the Scottish Parliament as part of an enquiry into the banking crisis. Sir Fred Goodwin, formally of…

Scottish news bulletin: 20th January 2009

20 Jan 2009

RBS: The collapse of the Royal Bank of Scotland’s share price by 66 percent has led to a further value loss of £9 billion to the bank. The collapse of the share price followed the announcements by RBS of a £28 billion loss for 2008, the biggest single…

Scottish news bulletin: 19th January 2009

19 Jan 2009

Scotland will stay in recession for longer than the rest of the UK because of the size of its public sector, Alex Salmond's council of economic advisors has warned. The prediction comes as a new report forecasts that this year the Scottish economy will…

Scottish news bulletin: 16th January 2009

16 Jan 2009

North Sea: a North Sea union leader voiced fears about widespread job cuts in Scotland’s oil and gas industry after Talisman Energy UK Ltd, a major operator, puts its platform drilling operations on hold. (Scotsman page 33)

Scottish news bulletin: 15th January 2009

15 Jan 2009

HBOS: Up to 10,000 staff in Bank of Scotland’s corporate banking division will miss out on tens of millions of pounds in performance related pay outs, as the company is to cut bonuses for the first time in its history. A further comment by Bill Jamieson…

Scottish news bulletin: 14th January 2009

14 Jan 2009

RBS: The Royal Bank of Scotland is raising around £1.6bn by selling its entire holding in Bank of China. (Herald page 28, Guardian page 24, FT page 17, page 18, Times page 43). Economic Confidence: An international poll published today shows that people…

Scottish News Bulletin: 13th January 2009

13 Jan 2009

Lending Crisis: A leading British businessman has warned that the bank-lending famine risks ‘irreparable damage’ to the economy. JCB boss Matthew Taylor had to lay off almost 700 workers as a direct result of the high street banks’ failure to provide…

Scottish News Bulletin: 12th January 2009

12 Jan 2009

Brown's £500m plan: People unemployed for more than six months will be guaranteed more intensive and personalised support to find work. Gordon Brown and other UK ministers will announce “golden hellos” worth up to £2500 for employers to recruit and…

Scottish news bulletin: 9th January 2009

9 Jan 2009

Interest Rate: The interest rate has fallen to an all time low of 1.5 percent, which received mixed reviews from business and financial markets. HBOS: HBOS pension fund trustees are dropping legal moves that could have delayed the bank’s takeover by…

Scottish news bulletin: 8th January 2009

8 Jan 2009

Restaurants: Record closures loom for Scottish restaurants, with fears of large scale closures and job losses. (Scotsman page 1). Law Firms: Leading law firm Thornton’s Solicitors cuts one in seven jobs, sparking fears of widespread job losses in the…

Scottish news bulletin: 7th January 2009

7 Jan 2009

Housing Prices: Rise in Scottish property market has bucked the UK’s downward trend with new figures showing rise in property value in the last quarter. (Scotsman page 14, Herald page 5, Daily Telegraph page 6, Times page 8, Press and Journal page 3)

Scottish news bulletin: 6th January 2009

6 Jan 2009

Scots Investors: Scots proved to be canny investors in 2008, beating the market and their UK counterparts when it came to picking shares. Tourism: Scotland is on the brink of a tourist boom that could lift large parts of the economy, Bill Jamieson…

Scottish news bulletin: 5th January 2009

5 Jan 2009

The First Minister has asked businesses all over Scotland to accept the euro this year to help boost the tourist industry. He also said there was a strong argument for joining the euro on a permanent basis. (Scotsman page 7, Times page 2)

Scottish news bulletin: 19th December 2008

19 Dec 2008

Half a million to fall behind on their mortgages in 2009, lenders have warned. Repossessions may return to 1990s levels. Record deficit drives the pound to Euro 1.05 on alarm over public finances. Comments from the Bank of England deputy governor lend…

Scottish news bulletin: 18th December 2008

18 Dec 2008

All newspaper references refer to Scottish editions. Where there is a link to a newspaper's website, the relevant page reference is blue and underlined. Economy Economic Crisis: Further analysis and commentary on the state of the economy…

Scottish News Bulletin: 16th December 2008

16 Dec 2008

Sterling: The pound fell to another new low against the euro yesterday, at one point falling below the 90 cent mark, though closed at 1.1196 euros. (Scotsman page 5, Herald page 32)

Scottish News Bulletin: 15th December 2008

15 Dec 2008

UK economy: Further coverage and comment on the economic down turn. John Major yesterday blamed Gordon Brown for the economic train wreck facing the UK and for failing to predict savers from falls in interest rates.

Scottish news bulletin: 12th December 2008

12 Dec 2008

All newspaper references refer to Scottish editions. Where there is a link to a newspaper's website, the relevant page reference is blue and underlined. Economy HBOS: HBOS shareholders meet in Birmingham today to vote on the bank’s…

Scottish news bulletin: 17th December 2008

11 Dec 2008

Interest Rates: George Kerevan in the Scotsman comments on how much further the interest rates can fall. Below negative is seemingly not impossible. A negative interest rate or tax holding on cash may be where the market is turning. As the economic…

Scottish news bulletin: 11th December 2008

11 Dec 2008

General election & the economy: David Cameron has demanded a general election to prevent the government putting the British economy and the pound at risk with a £20bn 'borrowing binge'. In response the Chancellor branded David Cameron 'unbelievably…

Scottish news bulletin: 10th December 2008

10 Dec 2008

All newspaper references refer to Scottish editions. Where there is a link to a newspaper's website, the relevant page reference is blue and underlined. Economy Murphy's economic team: Scottish Secretary Jim Murphy yesterday announced a panel…

Scottish news bulletin: 9th December 2008

9 Dec 2008

Murphy's economic team: Scottish Secretary Jim Murphy yesterday announced a panel of experts will be brought together to help him find solutions to the economic crisis facing Scotland. The remit and membership of the group will be announced in…

Scottish news bulletin: 8th December 2008

8 Dec 2008

Lord Mandelson has been accused of attempting to bully the Merger Action Group challenging the Lloyds TSB takeover of HBOS. The Competition Appeal Tribunal will begin hearing the case brought by the group today. HBOS shareholders will vote on the…

Scottish news bulletin: 5th December 2008

5 Dec 2008

Yesterday the Bank of England's Monetary Policy Committee cut interest rates by 1 percentage point to 2% - their lowest level since 1951. However many banks are still not passing on the cuts to consumers. As a result the Chancellor told Edinburgh…

Scottish news bulletin: 4th December 2008

4 Dec 2008

Repossessions: Gordon Brown yesterday announced that victims of the economic downturn can have their mortgage interest payments delayed for up to two years to help avoid repossession. (Scotsman page 1, Ross Lydall in the Scotsman, Herald page 1, Sun…

Scottish news bulletin: 3rd December 2008

3 Dec 2008

Recession: Further comment on the economic slowdown. (George Kerevan in the Scotsman, Irwin Stelzer in The Daily Telegraph). Meanwhile, the construction sector is shrinking at a record pace according to the Chartered Institute of Purchasing and Supply.

Scottish news bulletin: 2nd December 2008

2 Dec 2008

VAT. Comment on consumers' shopping habits as the reduction in VAT came into force yesterday.

Scottish news bulletin: 1st December 2008

1 Dec 2008

Home reports: Anyone selling their home in Scotland from today will have to provide a home report, including a survey, costing between £350 and £820.

Scottish news bulletin: 28th November 2008

28 Nov 2008

Wages: The average wage in Scotland is now £28,300 according to the Bank of Scotland. This is £5,000 higher than five years ago and represents an above inflation increase. (Scotsman page 21, Express page 7, Record page 21, Courier page…

Scottish news bulletin: 27th November 2008

27 Nov 2008

Data courtesy of Reform Scotland All newspaper references refer to Scottish editions. Economy Woolworths & MFI: Further coverage of the economic slowdown as Woolworths and MFI call in administrators (Scotsman page 3, Sun page 15, Herald…

Scottish news bulletin: 26th November 2008

26 Nov 2008

Pre-budget report: The Institute of Fiscal Studies has backed claims made by the Lib Dems and Conservatives that people earning as little as £20,000 a year, below the UK average, would be worse off under the proposals in the pre-budget report due…

Scottish news bulletin: 25th November 2008

25 Nov 2008

Pre-budget report: Yesterday the Chancellor outlined his pre-budget report to the House of Commons. Measures included a 2.5% cut in VAT for 13 months; new tax rate of 4.5% for people earning more than £150,000 from 2011; a National Insurance…

Scottish news bulletin: 24th November 2008

24 Nov 2008

Pre-budget report: Speculation and comment ahead of the Chancellor’s pre-budget report later today. The report is thought likely to offer tax cuts including cutting VAT to 15%. However there is also suggestion that Labour is planning a new…

Scottish news bulletin: 21st November 2008

21 Nov 2008

Fiscal Powers: Reform Scotland yesterday published its fifth report, ‘Fiscal Powers’, which called for Scotland to be given the power to raise the money it spends and have its own Treasury and Chancellor of the Exchequer. (Scotsman page 6…

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