Here are the business stories making the headlines across Scotland and the UK this morning.
Finance secretary may have to 'revisit' no tax rise pledge
Scotland's finance secretary has said she may "have to revisit" a promise not to raise income tax in Scotland before the next Holyrood election.
Shona Robison warned she faces a possible "nightmare situation" where funding from Westminster could fall by £1bn due to decisions Chancellor Rachel Reeves could make in her upcoming Budget.
Speculation is mounting that Reeves will raise income tax but she may also offset the impact on workers by cutting national insurance contributions.
Horse-racing industry faces £10m hit from business rates changes
The horse-racing industry could be facing a £10million hit from the government’s business rate changes, compounding the impact from a potential tax raid on the betting sector.
Racing yards are among those excluded from benefiting from new reliefs set to be introduced from April as part of the government’s shake-up of the rates system.
It means the horse-racing industry could be facing a rise in its rates bill of at least 40%, an average increase to more than £7,000 a yard and over £10million in total next year, according to new research by Colliers, the property agent.
Energy giant Ovo slashes costs in survival plan
Ovo Energy is preparing to slash tens of millions of pounds in costs under a radical plan to secure its survival.
In a bid to convince the regulator of its financial viability, Britain’s fourth-largest gas and electricity supplier is plotting deep spending cuts to areas including advertising and brand building activities.
The cuts come as Stephen Fitzpatrick, Ovo’s founder, scrambles to meet tougher financial rules imposed by Ofgem.
Inquiry to review rise in young people not working or studying
An independent review into the rising number of young people not working or studying is being launched by the government.
Former Labour Health Secretary Alan Milburn will lead the inquiry into "Neets" - the acronym for young people who are not in education, employment or training.
According to Work and Pensions Secretary Pat McFadden, the persistently high number of 16-24 year olds falling out of education or work is a "crisis of opportunity" requiring urgent action.