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The annual tax to be raised from the value of all the debts in UK banks is to be raised from 0.156 per cent to 0.21 per cent following yesterday’s budget announcement. It is the ninth rise since the tax was first introduced in 2011 at a rate of 0.05 per cent.

Glasgow-based Clydesdale Bankhas announced that Ian Smith, its chief financial officer, (CFO) has been appointed as an executive director.

A new Accounts Commission report published today says Scottish councils need to make better use of information to clearly set out the impact of borrowing in the longer term to help councillors make informed decisions and undertake their scrutiny roles. The report says total councils' debt from tradi

Perth-based energy giant SSE has been hit with a £100,000 bill for overcharging fees at six of its power stations. Energy regulator Ofgem found the ‘Big Six’ supplier demanded excessively high payments to switch off its hydropower stations when the grid could not cope with their electricity.

A Scottish businessman has been found guilty of defrauding his dying friend out of nearly £500,000. Keith Cameron, 54, is facing jail after being found guilty at Edinburgh Sheriff Court of conducting a fraudulent scheme that involved him convincing a childhood friend who was terminally ill with can