Here are the stories making the headlines in Scotland and across the UK this morning.
Used car retailer Cazoo seeks cash lifeline to escape insolvency
The troubled used car supermarket Cazoo is scrambling for a lifeline as it sinks further into a funding crisis.
The online dealer hopes to persuade shareholders to agree to an urgent cash injection but is preparing contingency measures. A source involved in the discussions said all options are on the table, including new investors, a sale or break-up of the company, and asset sales.
However, if fresh funds can’t be found then it will be forced to consider administration. A team of restructuring and insolvency experts is being called in to navigate the crisis.
Cazoo revealed in December that it could run out of capital by the middle of this year. The crunch is looming after years of heavy losses and amid a sharp downturn in the second hand car market.
UK employment rate in private sector falls to lowest in a decade
Employment levels in the UK’s private sector have dropped to their lowest in a decade with hiring decisions affected by uncertainty over how the economy will fare at a time of high interest rates and weak consumer demand.
The employment index from BDO, the accountancy and business advisory firm, dropped for a seventh month in a row to 98.77, its lowest point since August 2013 when the economy was still reeling from the global financial crisis.
Read more in The Times.
Cost cuts loom at The Guardian amid widening losses
Employees at The Guardian are preparing for cost cuts as the newspaper warned it is forecast to make a £39m loss.
Bosses revealed the financial challenges facing the business at a meeting last week, as they laid bare the impact of reduced revenues caused by a downturn in the advertising market.
The publisher said it had lost £36m in the first nine months of 2023, with a further £3m loss expected by the end of the year.
The paper, which does not charge for online access, has been hit hard by a drop in demand from digital advertisers.
Rwanda plan is fundamentally flawed, parliamentary report warns
A key parliamentary committee says the government's plan to send some asylum seekers to Rwanda is "fundamentally incompatible" with the UK's human rights safeguards.
The Joint Committee on Human Rights said the legislation jeopardised the UK's international reputation.
The bill will be debated in detail by the House of Lords this week and face substantial opposition.
Even if it passes, it is not clear whether flights will ever take off.