Page 2 - Record December News Today

PREMIUM The collapse of retail groups such as Debenhams and Arcadia has left vacant properties across the UK By Kristy Dorsey The availability of vacant office and retail space across Scotland is now rising at the strongest rate recorded since the global financial crisis in what one chartered surveyor described simply as a “toxic” market. The findings from the latest commercial property market survey by the Royal Institution of Chartered Surveyors (RICS) highlights the difficulties fa...

One hundred percent rates relief in Scotland for retail, hospitality and leisure businesses is set to be extended for a minimum of three months, the countrys Finance Secretery has said. Delivering the draft Scottish budget this afternoon, Kate Forbes also confirmed continuing commitment to Covid business support, and no further changes on income tax. Rates relief to ease the burden on businesses forced to close during the pandemic had been set to expire at the end of March. Any continuati...

Scotlands financial services sector have seen a sharp rise in the number of firms in significant distress Every sector across the Scottish economy recorded a double-digit increase in the number of businesses in "significant" distress in the final quarter of last year, with pandemic-related financial aid masking the true picture of those in most critical hardship. The latest Red Flag Alert report from insolvency and recovery specialist Begbies Traynor paints a grim picture of the outlook for...