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Lockdown leads to cut in £10billion debt Scottish councils owe Treasury © Supplied by DCT graphics Scottish councils slashed £275 million from their £10 billion debts to the Treasury last year as work on major projects ground to a halt during the pandemic. Official data shows that most local authorities were able to cut the amount they owed in outstanding loans, with the total falling for the first time in five years, as borrowing for building schemes was put on hold because of lockdown. One leading councillor said it had helped balance the books, and was “one of the few positives” fr...

Not gone, just graduated: Aberdeen minister Ken Gordon dies aged 85 Updated: 08/07/2021, 10:54 am © Supplied Tributes have been paid to Aberdeen Anglican minister of almost 50 years, Rev Kenneth Gordon who has died age 85. Kenneth Gordon and wife Jessica of the Scottish Episcopal Church, Aberdeen and Orkney Diocese. The devoted Christian, who was active in ministry until earlier this year, saw his death not as an occasion for sadness, but as his ‘graduation to Heaven’. Capital upbringing Born in Edinburgh on December 27, 1935, Kenneth Gordon was the only child of  Alfred and Alexanderin...

Export slump threatens to put the brakes on Scottish economic recovery © Shutterstock / smshoot Parts of the Scottish economy are bouncing back quicker than expected – but many businesses are still suffering pandemic and Brexit-induced export woes. These are among the findings of the latest Scottish Chambers of Commerce (SCC) Quarterly Economic Indicator Survey. Reporting “positive growth” in all sectors covered by the survey today (July 6), SCC says Scottish firms are seeing the first shoots of recovery in more than a year as Covid-19 constraints ease. Route to economic recovery ‘a ...

Updated: July 5, 2021, 11:06 am © PRESS AND JOURNAL Customers of M&S Bank are facing major changes, including the closing of their current accounts. Keith Findlay takes a look at what’s happening. The end of the road for in-store branches of M&S Bank follows the growing trend of retail banking customers using their accounts online or by telephone. High street giant Marks & Spencer (M&S) started shutting in-shop branches of its banking arm last Friday. M&S Bank current accounts are due to close at the end of August as the financial sevices business refocuses on products and services, with n...

© Shutterstock / Elnur The average value of people’s most prized possessions stands at nearly £5,000, with laptops, jewellery and bicycles topping the list of the most insured items, according to Confused.com. Yet almost half of UK homeowners and renters (47%) are leaving their valuables at risk by not having any form of home protection in place, the financial services comparison website said. ‘Concerning’ It added: “This is concerning, given the fact the average value of a person’s most prized possession stands at a hefty £4,989. “It’s not surprising this value is so high, a...