News

Covid-19 restrictions soon to be introduced to Scotland could have a severely negative impact on local economies in some parts of the country.

Martin Lewis, the personal finance expert and consumer champion, has urged people struggling with debt to consider applying for a payment holiday while they still have the chance.

As many as 12 million adults across the UK were struggling with debt and battling to keep pace with demands on their finances in July this year, according to the Financial Conduct Authority (FCA).

The Scottish government has said it will be providing local authorities across the country with an extra £30 million to help them tackle financial insecurity in their areas.

MPs at Westminster have argued that people applying for Universal Credit (UC) should not be forced to wait five weeks before receiving their first payments.

The closing of the UK government’s furlough scheme in the coming weeks is likely to prompt a notable rise in job losses in Scotland, according to first minister Nicola Sturgeon.

Extra restrictions on activities within hospitality settings look set to represent another major blow to the prospects of businesses in many parts of Scotland.

The total number of people entered into some form of personal insolvency in Scotland increased by 5.5 per cent in the year to the end of March 2020.

Grants worth £500 are being promised by the Scottish government to people who live on low incomes and find themselves needing to self isolate to help stop the spread of coronavirus.

A new Jobs Support Scheme is to be introduced across the UK to replace the furlough programme which has helped to pay the wages of millions of people during the coronavirus crisis.

New Covid-related restrictions could have a severely damaging impact on businesses within Scotland’s hospitality sector, it has been claimed.

More than a third of workers in Scotland are fearful that they might lose their jobs at some point over the next 12 months.