News

Scotland's police force may need to cut officer numbers as well as civilian staff to balance its budget after it emerged that there is a £21 million hole in the budget. According to the Scottish Police Authority (SPA), the revenue budget , which accounts for wages, is forecast to exceed by £21.2m

Home-owners borrowed £12.3 billion for house purchases in June, up 29 per cent month-on-month and 12 per cent year-on-year, according to latest data from the Council of Mortgage Lenders.

Liz Cameron Scotland’s First Minister Nicola Sturgeon has today outlined details of the financial measures the Scottish Government is to take in order to support and stimulate the nation’s economy in the wake of Britain’s vote to leave the EU.

Alison Sellar Aberdeen-based payroll and employee mobility specialist, activpayroll, has been announced as one of the finalists at the 2016 Payroll World Awards.

A stock exchange that focuses on companies which make a positive social and environmental impact is planning to open in Scotland later this year.

Aileen Brown Scottish Building Society, the world's oldest building society and Scotland's only independent building society has strengthened its senior management team with the appointment of Aileen Brown as finance director, a newly created role.

A package of measures are to be imposed by the Competition and Markets Authority on retail banks to force them to “work harder for customers”.

Pictured (L-R): Paula Skinner, Martin Darroch, Lucy-Rose Walker, Craig Daniels, Louise Torr and Jo Nisbet

The accounting deficit of defined benefit (DB) pension schemes for the UK’s 350 largest listed companies increased by £10 billion in just five days, from £139 billion at the end of July to £149 billion on 4 August, following the MPC vote to cut the Bank Rate from 0.5 per cent to 0.25 per cent.

Brian Williamson Brian Williamson is managing director at Edinburgh-based R&D tax relief specialist Jumpstart.

The value of sales in the Scottish commercial property market increased by £200 million in Q2 2016 to £819 million, despite a 13 per cent fall in investment values, to £382 million.

Ross McEwan Royal Bank of Scotland subsidiary NatWest has announced its standard variable rate (SVR) for mortgages will be reducing by 0.25 per cent in line with the Bank of England base rate reduction, bringing the rate for customers from 4 per cent down to 3.75 per cent.

Edinburgh-based Standard Life Investments saw wholesale net outflows of £400 million representing 2 per cent of AUM standing at £47.3 billion, according to its half year results published today.

Tulloch Caledonian Stadium, home of Inverness Caledonian Thistle. Homeowners who live near stadiums belonging to Scottish Premiership football teams are are experiencing a property boom, according to new figures.

Craig Nelson Keeping track of decisions being taken will be crucial under the SMCR, writes Craig Neilson, a partner with Maclay Murray & Spens LLP.