Here are the business stories making the headlines across Scotland and the UK this morning.

Bank of England expected to hold interest rates at 4.5%

The Bank of England is expected to keep interest rates on hold when policymakers announce their latest decision on Thursday.

The Bank rate heavily influences the cost of borrowing for households, businesses and the government, as well as returns for savers.

It was cut from 4.75% to 4.5% following the last meeting of the Bank's Monetary Policy Committee (MPC) in February.

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Former Labour MSP quits party over welfare cuts

Former Scottish Labour MSP Neil Findlay has quit the party over the UK government's plan to cut £5billion a year from the welfare budget.

It came as members of the party's Holyrood group, including a frontbencher, also voiced criticism of the proposals.

Sir Keir Starmer says the current social security system is "unfair to taxpayers" and lets down claimants.

Ben & Jerry's boss 'ousted over political activism'

Ben & Jerry's has said its chief executive, David Stever, was being removed by its parent company, Unilever, in a growing dispute over the ice cream company's political activism.

The allegation was part of a legal case filed in a US court by Ben & Jerry's that says Unilever violated a merger agreement by trying to silence its "social mission".

It comes a month after the ice cream company accused Unilever of demanding that it stops publicly criticising US President Donald Trump.

Britons have gone off breakfast cereal, says Shreddies maker

Britons are going off breakfast cereal in favour of protein-heavy morning meals, leaving the maker of Shreddies and Cheerios poised to axe 300 jobs because of the demand slump.

Cereal Partners UK & Ireland, which also makes Cookie Crisp and Nesquik, has put forward proposals to shut a major factory in Merseyside, moving production of breakfast brands to a different factory in Staverton, Wiltshire.

At the same time, it said it will stop producing own-label cereals for supermarkets.

Thirty-five shops a day closed down last year

About 35 shops shut their doors for the last time every day last year as Britain’s high streets continued to feel the pressure of online rivals and an uncertain economic outlook.

However, that was fewer than in 2023 as consumer spending proved largely resilient to wider economic pressures.

The shutters were brought down for the final time on 12,804 stores last year, a decline from 14,801 closures in 2023, according to figures from PwC. 

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