More than three-quarters of employees who consistently saved into a pension stop doing so when they move into self-employment. Currently, only around one-in-five self-employed workers save into a private pension, compared with around four-in-five employees.
For centuries, international trade has depended on one simple principle: ships should be able to travel freely through the world's oceans. That freedom has underpinned global commerce, kept supply chains moving and helped create the interconnected world economy we know today.
For most of the post‑war era, Scotland’s economic development model was built on a simple idea: if you want jobs, you invest in places. You build infrastructure, support local firms, attract new employers, and anchor work where people already live.
The dramatic spike in oil and gas prices following the US-Israel war on Iran has prompted governments around the world to implement or consider higher taxes on oil and gas companies. Assessing the case for these taxes Ashfaq Khalfan argues that this is an opportune moment to enact permanent taxes, rather than temporary windfall ones, as a regulatory tool to incentivise investment in renewable energy.
The sharp fall has surprised many people because only days ago traders were worried that conflict in the Middle East would keep oil above $100 a barrel. Instead, Brent crude has fallen to around $87 a barrel, its lowest level in nearly two months.
As of Friday 12 June 2026, Elon Musk has become the world's first publicly recognised trillionaire. The milestone was reached after the hugely successful initial public offering (IPO) of SpaceX.
For centuries, the world's richest individuals have symbolised the economic power of their age. During the Industrial Revolution it was the railway and steel magnates.
As the Pensions Commission considers how to increase the nation’s retirement savings, Pensions UK’s updated Retirement Living Standards (RLS) underline that many people are not saving enough. The RLS are there to help people picture what lifestyle they expect in retirement and the costs associated with three different levels.
For decades, the world’s great sporting spectacles could rely on one thing above all else. A full house.
As Britain faces growing international tensions and pressure to increase defence spending, politicians have increasingly framed the debate as a choice between funding the armed forces or maintaining the welfare system. It is a simple message, but is it an accurate one? The Resolution Foundation has challenged this popular narrative, arguing that the comparison is both misleading and incomplete.
Consumer advocate and environmental activist Erin Brockovich joins MS NOW to discuss the rapid growth of AI data centers, concerns over transparency, community impact, water and energy use and why communities are pushing back against projects in their neighborhoods. Huge projects like this are landing in many parts of the world.
Oil drifting toward $90 isn’t an accident of market noise; it’s the result of several deep structural forces all pushing in the same direction. The world is still living through a major supply shock, but the shock has been absorbed by buffers, rerouting, and weakening demand.
The Office for National Statistics reports that real GDP grew by 0.7% in the three months to April 2026 compared with the three months to January 2026, marking the fifth consecutive quarter‑on‑quarter rise and continuing a modest recovery trend. Despite that three‑month gain, the ONS records a monthly contraction of 0.1% in April 2026, the first monthly fall since August 2025.
Maternal and child health expert Professor Christine McCourt is to lead a review into improving maternity services across Scotland. Health Secretary Angela Constance announced the appointment in an update to Parliament.
The Scottish Fiscal Commission (SFC) is warning that Scotland faces slower tax revenue growth, rising spending pressures, and a widening long‑term fiscal gap. We should pay attention, because the SFC is Scotland’s official, independent fiscal watchdog, and its forecasts shape the Scottish Government’s budget decisions.
National Insurance (NI) behaves like a “stealth” tax in practice. It raises revenue from earnings, is visible as a payroll deduction, and increasingly functions like a second income tax rather than a narrowly hypothecated social‑insurance contribution.
If you are 16 to 19 years old, at school or college, and come from a low-income household you may be able to get financial help from an Education Maintenance Allowance (EMA). EMA is a weekly allowance of £30 per week, paid during term time.
the technology exists and China has already built commercial underwater data centres that use seawater cooling and offshore wind. But Scotland faces distinct geographic, regulatory and economic hurdles that make the idea promising in theory but challenging in practice.
For weeks the world's financial markets have been dominated by one issue – conflict in the Middle East. The fighting involving the United States and Iran, together with fears over the Strait of Hormuz, pushed oil prices sharply higher, increased inflation concerns and sent investors rushing into traditional safe-haven assets such as gold.
The World Cup is an opportunity to showcase what Scotland has to offer as a place to live, work, study, do business and visit, First Minister John Swinney has said. The First Minister will be in Boston to undertake a series of engagements with business leaders and investors, before joining celebrations to mark Scotland’s men's national football team's return to the World Cup, ahead of the match on Saturday.