Environmentally friendly inhalers bring down CO2 use. Health Secretary Humza Yousaf visited a GP practice during Climate Week to learn about work to support patients to switch to more environmentally friendly asthma inhalers.
Last week, UK chancellor Kwasi Kwarteng launched a bid to boost economic growth with the largest tax cutting exercise for half a century. What this so-called mini-budget has since overshadowed, however, was an admission by the Bank of England the previous day that the UK may already be in a recession.
The Emergency Budget Review (EBR) will be informed by a panel of experts, including economists who will study the impact on Scotland of the UK Chancellor's fiscal approach. Deputy First Minister John Swinney told the Scottish Parliament that further time was required to consider the implications of the UK Government's tax changes and he would report the results of the review in the week beginning 24 October 2022.
Scotland's onshore GDP decreased by -0.2% in July, according to statistics announced by the Chief Statistician. Output remains above the pre-pandemic level of February 2020, by 0.1%.
The UK government mini budget with tax giveaways funded by borrowing is still hitting the markets as the pound once again drops. Follow this trend live at the Guardian BBC IMF openly criticises UK government tax plans.
New website provides ‘one stop shop' for advice and information. A new website providing information on the wide range of advice and financial support available to people in Scotland has been launched.
In line with its financial stability objective, the Bank of England stands ready to restore market functioning and reduce any risks from contagion to credit conditions for UK households and businesses. As the Governor said in his statement on Monday, the Bank is monitoring developments in financial markets very closely in light of the significant repricing of UK and global financial assets.
Shop Price annual inflation accelerated to 5.7% in September, up from 5.1% in August. This is above the 3-month average rate of 5.1%.
"We are closely monitoring recent economic developments in the UK and are engaged with the authorities. "We understand that the sizable fiscal package announced aims at helping families and businesses deal with the energy shock and at boosting growth via tax cuts and supply measures.
LOCHMADDY., Dingwall & Highland Marts Ltd., (September 26th) sold 2,343 sheep of all classes. Lambs (1,479) sold to £95 gross for a pair of Texel crosses from Seaview, Knockline.
Young business leaders in the Highlands and Islands are being encouraged to apply to a year-long programme aimed at developing the next generation of entrepreneurs. IMPACT30 is led by Highlands and Islands Enterprise (HIE) and delivered by business skills training consultancy, Skillfluence.
The world is paying a high price for Russia's war of aggression against Ukraine. The high humanitarian cost continues to grow and the global economic outlook has darkened further.
The Bank of England will reveal images of updated banknotes featuring a portrait of HM King Charles III by the end of this year. The Bank of England will reveal images of updated banknotes featuring a portrait of HM King Charles III by the end of this year.
Richard Murphy writing in his blog says - The Bank of England has only three weapons to tackle inflation. One is that it can raise interest rates.
The Bank is monitoring developments in financial markets very closely in light of the significant repricing of financial assets. In recent weeks, the Government has made a number of important announcements.
UK lenders Halifax, Virgin Money and Skipton Building Society have withdrawn lending for new customers. Other lenders may soon follow or be swamped with applications.
An update on next steps following the Growth Plan which the Chancellor set out on 23 September. On Friday 23 September, the Chancellor of the Exchequer, the Rt Hon Kwasi Kwarteng MP, set out how the government would fulfil its commitment to cut taxes for people and businesses and announced wider supply side policies to grow the economy.
Consumer price inflation in the UK slowed for the first time in nearly a year in August. A fall in petrol prices helped slow the overall rate but food prices continue to rise rapidly.
Innovation projects to make heat pumps cheaper and easier to install have been backed by more than £15 million in funding. More than £15 million awarded by government across 24 innovation projects to make low carbon heating like heat pumps cheaper and easier to install.
Scottish small businesses started 2022 in optimistic mood, however, there has been a sharp fall in Scottish businesses predicting growth for their business this quarter, according to new research by Novuna Business Finance. In Q1, 35% of small businesses in Scotland predicted growth rising to 37% in Q2.
