News Archive

18/2/2023

Who gives wealth transfers to whom and when? Patterns in the giving and receiving of lifetime gifts and loans

A report by the Institute for Fiscal Studies looking at wealth transfers.   We examine the patterns in the giving and receiving of significant wealth transfers during life, and the association of transfers with life events.  

18/2/2023

 
Company Insolvencies In Scotland

Legislation relating to company insolvency in Scotland is partly devolved.  AiB, Scotland's Insolvency Service, administers the Register of Insolvencies, which is a publicly accessible statutory register regarding the insolvency of individuals and businesses in Scotland, and includes company liquidations and receiverships.  

18/2/2023

 
Scottish Budget 2023-24 Further Analysis

The Institute for Fiscal Studies has carried out further analysis of the Scottish budget.   The aim of this report is to look at some of the key implications of the Scottish Budget for the coming year, and for the longer term.  

18/2/2023

How will Nicola Sturgeon be replaced as Scotland's first minister?

The Institute for government in its recent article lays out the process to get a new leader of the SNP and first minister for Scotland.   The two roles are not necessarily connected.  

17/2/2023

 
Record Pay Offer To NHS AfC Staff - £568 Million For Agenda For Change (afc) Pay Deal In 2023/24hs

Healthcare staff across Scotland have been offered the largest pay package in the history of the NHS, with a £568 million increase in investment.   160,000 NHS Agenda for Change staff - including nurses, midwives, paramedics, allied health professionals, porters and others - will be offered an average 6.5% increase in pay in 2023/24.  

17/2/2023 : Local Authority

Many Schools Closed Today Due To The High Winds

Check if a school is closed on the Highland council web site.   https://www.highland.gov.uk/schoolclosures.  

17/2/2023

 
Getting Bigger - Siemens Gamesa Installs First 115-metre Blade On Sg 14-236 Dd Offshore Wind Turbine Prototype

Siemens Gamesa has installed the first of the three 115-metre blades on the SG 14-236 DD offshore wind turbine prototype at the Danish national test center for large wind turbines in Østerild.   The SG 14-236 DD features a 236-metre diameter rotor, with a 43,500 m2 swept area, approximately the size of 6.1 standard football pitches.  

17/2/2023

 
Amazon Funds The World's First Commercial-scale Seaweed Farm Located Between Offshore Wind Turbines

Amazon announced on 16 February 2023 it is funding the world's first commercial-scale seaweed farm located between offshore wind turbines.  The project, known as North Sea Farm 1, will be located in a wind farm off the coast of the Netherlands.  

17/2/2023

Uk Consortium Wins £1.5 Million Funding For Offshore Charging Station

Regions across the UK to benefit from government funding to develop clean maritime technology.   companies across the UK to benefit from £60 million funding to supercharge the development of clean maritime solutions.  

17/2/2023

 
St Andrews Dry Lab Will Power Up Battery Research And Innovation In Scotland

The next generation of battery technology will benefit from a new research facility at the University of St Andrews Eden Campus, helped by UK and Scottish Government funding.   UK Government Minister for Scotland Malcolm Offord was given a preview of the new battery prototyping facility, or ‘dry lab', located at the campus at the former paper mill in Guardbridge.  

16/2/2023

 
Nicola Sturgeon Resignation: The Unanswered Questions For Scotland And The SNP She Leaves Behind

When Jacinda Ardern resigned as New Zealand's prime minister a few weeks ago, Nicola Sturgeon assured voters she still had plenty left in the tank.  Yet apparently, Scotland's first minister had been thinking about her own future for some time.  

16/2/2023

Investing In Communities - £27 Million To Tackle Disadvantage - Pulteneytown Peoples Project Included

Community projects tackling poverty and disadvantage will receive £27 million funding over the next three years.   Food pantries which help lower food bills and cost of living advice services are among the 100 initiatives developed by local people set to receive grants from the Investing in Communities Fund.  

16/2/2023

New Teacher Pay Offer Unanimously Rejected By EIS Salaries Committee - Strike Dates February and March

A special meeting of the EIS Salaries Committee, held online, has unanimously rejected the latest revised pay offer from the Scottish Government and COSLA.   The new offer, announced in the media yesterday before it was given to teaching unions, offers only a marginal improvement on previously rejected offers.  

16/2/2023

Inflation Falls, But Cost-of-living Gap Grows

CPI inflation fell for the third consecutive month to 10.1 per cent in January, but the inflation rates experienced by rich and poor households grew to 2.9 percentage points, the Resolution Foundation said on Wednesday (15 February 2023) in response to the latest ONS prices data.   Services inflation - which is a better indicator of domestically generated inflation than headline inflation – also fell in January (from 6.8 per cent to 6.0 per cent), easing some of the fears that persistent inflation could be taking hold, especially with private sector wage growth falling in recent months.  

16/2/2023

Insects Are Vanishing Worldwide - Now It's Making It Harder To Grow Food

Over the past 20 years a steady trickle of scientific papers has reported that there are fewer insects than there used to be.  Both the combined weight (what scientists call biomass) and diversity of insect species have declined.  

16/2/2023

 
Jeremy Hunt's Smooth(ing) Budget

A month today Jeremy Hunt will deliver his first Budget.  It's shaping up to be a calmer affair than last Autumn's repeated emergency fiscal announcements.  

15/2/2023

CPI Numbers Do Little To Calm Confusion In The Financial Aviary

Inflation continued to ease in January, with CPI falling 0.6% in the month, while annualised inflation slowed to 10.1% from 10.5% in December.   The slowing rate of annual inflation reflects lower year-on-year growth in transport costs, particularly motor fuels, although prices remain high and rising in alcohol, tobacco and household services like energy.  

15/2/2023

 
Inflation Falls Slightly To 10.1% From 10.5%

The Consumer Prices Index including owner occupiers' housing costs (CPIH) rose by 8.8% in the 12 months to January 2023, down from 9.2% in December 2022.   The largest upward contributions to the annual CPIH inflation rate came from housing and household services (mainly from electricity, gas, and other fuels), and food and non-alcoholic beverages.  

15/2/2023

 
Producer Price Inflation UK January 2023 - Factory Gate Prices Up by 13.5%

Producer input prices rose by 14.1% in the 12 months to January 2023, down from 16.2% in the year to December 2022.   Producer output (factory gate) prices rose by 13.5% in the 12 months to January 2023, down from 14.6% in the year to December 2022.  

15/2/2023

Nicola Sturgeon Resigns As Scottish First Minister

Nicola Sturgeon is to resign as Scotland's first minister.   First Minister Nicola Sturgeon has announced her intention to resign as First Minister.