News Archive

6/11/2023

 
Introductory Interest-free Credit Card Offers Dwindle

Over the past month, several introductory interest-free offers have been slashed.  The latest analysis by Moneyfactscompare.co.uk highlights the movement in the market and the current top offers for consumers looking for a new deal.  

6/11/2023

 
European LNG Supply Under Pressure Amid Escalating Competition And Price Surge

A new report from Cornwall Insight has exposed the challenges facing Europe's Liquified Natural Gas (LNG) supply, as growing competition from China and price rises increase pressure on the gas market.   The analysis, focusing on LNG security over the upcoming winter, highlights that heightened Chinese gas demand, driven by economic recovery following repeated COVID-19 lockdowns could intensify the competition to secure LNG.  

6/11/2023

Scottish Government Recognised For Promoting Workforce Security And Fairness - £12 An Hour

The Scottish Government has become the first national administration in the UK to be accredited as a Living Hours employer following commitments to provide secure contracts and flexible hours.   The announcement was made by Fair Work Secretary Neil Gray at the beginning of Living Wage Week, which highlights the benefits to businesses, employees and the economy of paying the real Living Wage.  

6/11/2023

Transforming The Justice System

Women and girls will be better protected and victims' needs prioritised as part of reforms to improve justice services and create safer communities.   The Vision for Justice Delivery Plan published today also includes actions to address long-standing challenges in the system faced by victims of sexual offences, and the continued modernisation of the prison estate.  

6/11/2023

New British Sign Language (BSL) Action Plan - 45 Commitments To Tackle Barriers

Actions to help improve the lives of British Sign Language (BSL) users have been published as part of ongoing work to make Scotland the best place to live, work and visit for people that use the language.   The BSL National Plan 2023-29 has made 45 commitments aimed at tackling barriers faced by BSL users by embedding the language across health, education, transport, culture and employment.  

5/11/2023

 
Accountants: Here's How To Use Chatgpt

When old tech meets new tech it's generally a recipe for disaster, but in combining the latest generative AI tools with the accounting world's favourite software.  Accountants around the world have found plenty of benefits.  

5/11/2023

National Living Wage On Track To Rise To Around £11.46 Next Year - The Third Biggest Annual Increase On Record

Stronger than expected wage growth means the National Living Wage (NLW) could rise to around £11.46 an hour next April - well above the £11 suggested by the Chancellor earlier this month, according to a new Resolution Foundation briefing published on Saturday 4 November 2023.   The briefing - which uses the Low Pay Commission's methodology to calculate what the National Living Wage could rise to next year – notes that as the NLW is currently pegged to median hourly pay, strong wage growth in recent months (average weekly earnings grew by 7.8 per cent in the three months to August) should increase its cash value next April.  

5/11/2023

 
Giving With One Hand ... Exploring The Impact Of Minimum Wage Uprating In 2024 On Living Standards

At this year's Conservative Party Conference, the Chancellor announced that the minimum wage would rise to at least £11 next year, up from its current rate of £10.42.  But he may have under-promised.  

5/11/2023

 
Understanding Retirement In The UK

A report by the Institute for Fiscal Studies.   We comprehensively examine the changing patterns of retirement in the UK for different groups in society.  

5/11/2023

King's Speech To Deliver A Brighter Future For The Country

New laws to set the country on the right path for the long-term will be revealed in next week's King's Speech.   New laws to set the country on the right path for the long-term will be revealed in next week’s King’s Speech.  

5/11/2023

Filing Shake-up For Small Companies To Go Ahead

An Article by Richard Hattersley at accountingweb https://www.accountingweb.co.uk/.   Small companies will have to file a profit and loss account with Companies House following the passing of the Economic Crime and Corporate Transparency Act last week.  

5/11/2023

 
Gender pay gap in the UK - 2023

The gender pay gap has been declining slowly over time; over the last decade it has fallen by approximately a quarter among full-time employees, and in April 2023 it stands at 7.7%.   There remains a large difference in the gender pay gap between employees aged 40 years and over and those aged under 40 years.  

5/11/2023

Difference In Wages Narrower In Scotland Than UK As A Whole

Fair Work Secretary Neil Gray has welcomed figures showing the gender pay gap in Scotland has fallen to a record low.   The Office for National Statistics (ONS) Annual Survey of Hours and Earnings shows the gender pay gap in Scotland fell from 3% in 2022 to 1.7% in 2023 - the lowest since the series began in 1997.  

5/11/2023

 
UK Government Responds To Expert Advice On CBD - Cannabidiol

UK Government responds to expert committee recommendations on consumer CBD products.   Cannabidiol (CBD) is a non-psychoactive cannabinoid present in the cannabis plant (Cannabis sativa L) along with many other cannabinoids that may either exhibit psychoactive or non-psychoactive properties.  

5/11/2023

Taxes Could Be Cut Within Broader Reforms

Helen Miller is Deputy Director of the Institute for Fiscal Studies (IFS) and Head of the Tax sector and she has written an article in the Telegraph on taxes.   "The Chancellor doesn't need to wait for fiscal headroom to reform public finances" says Helen Miller in The Telegraph.  

5/11/2023

 
The Effects Of Reforms To The Work Capability Assessment For Incapacity Benefits

1 More than 3 million working-age adults in the UK receive health-related benefits.  The government has announced plans to first tighten, and then scrap entirely, the Work Capability Assessment - one of the two assessments used for determining eligibility to these benefits.  

5/11/2023

Cut Interest Rates To Avoid Recession, Says IEAs Shadow Monetary Policy Committee

The slowdown in the money supply means inflation could fall below target and cause a recession The Institute of Economic Affairs' Shadow Monetary Policy Committee (SMPC) voted (7-2) to cut Bank Rate.   The SMPC also voted to halt or scale down (8-1) Quantitative Tightening (QT) and one member voted to resume Quantitative Easing (QE).  

4/11/2023 : Food & Drink Products

Winners Announced At Highlands And Islands Food & Drink Awards 2023 - Dunnet Bay Distillers Visitor Experience

Highlands and Islands.  With a total of 15 award categories recognising a range of diverse businesses from best products to food and drink experiences and outstanding retailers, the winners represent the cream of the crop.  

4/11/2023 : Educational Institutions

 
Girl From Wick High School Will Be Highland Youth Parliament's New Chair

The Highland Youth Parliament (HYP) is delighted to announce the voting in of a new Chair and Vice Chair.   Megan Travers from Wick High School will be HYP's new Chair, and Dougal Masterson from Dingwall Academy will be HYP's new Vice Chair for 2023-24.  

4/11/2023 : Other Public Services

 
Sellafield Robots Leading An Evolution In Nuclear Decommissioning

ROBOTS at Sellafield are delivering breakthroughs at the site with learnings shared with the wider nuclear industry.   The use of robots is increasingly commonplace at Sellafield, helping to make work safer, faster, and cheaper, and delivering valuable lessons for other nuclear sites in the UK.