News

More than £13.2 million in council tax payments went unpaid to Glasgow City Council in the 2014/15 financial year, according to new figures. However, the data emerged in the same year that the local authority’s collection rate for the tax reached an all-time high.

Jon Meeten Chancellor of the Exchequer George Osborne yesterday promised to arm stretched HMRC tax investigators with a £800 million warchest of extra funding over the next five years to combat tax evasion and non-compliance.

The futures of 900 workers at a major north-east employer were plunged into uncertainty yesterday after fish processing giant Young’s Seafoods unveiled plans to axe three of its factories. According to reports, the means jobs at the Fraserburgh-based company’s plants, as well as a smoking facili

Goals Soccer Centre, Los Angeles, California. East Kilbride-based five-a-side football venue specialist Goals Soccer Centres has said its ambitious American expansion plans are progressing strongly.

Senior figures from the Aberdeen and Houston oil and gas communities will be representing Scotland at the second annual Swing4Saltire Golf Fundraiser next Friday at the River Ridge Golf Course in Houston, Texas. The event, in support of the Saltire Foundation, whose mission is to "find, fuel and spa

Hampden & Co, the brand new Edinburgh-based private bank, has appointed Norwegian IT firm Evry to provide its card services. The bank, which opened to clients last month, said Evry will produce and personalise its cards.

Union Street, Aberdeen. Aberdeen is now Scotland’s richest city after overtaking Edinburgh for the first time.

The annual house price appreciation in Glasgow and west of Scotland has remained positive for six consecutive quarters, the longest growth stretch since 2008, according to the most recent quarterly report from the Glasgow Solicitors Property Centre. According to data based on GSPC sales, annual hous

Jeremy Lawson New research from Edinburgh-based Standard Life Investments suggests that the biggest threat to the global economy is currently China.

A Scots businessman has been banned from running a company for more than a decade after submitting false VAT returns and taking money out of his payroll and employment agency company to which he was not entitled. Former lawyer David Allen’s firm went bust with debts of more than £43 million in 20

James Leigh-Pemberton UK Financial Investments, the body charged with managing the UK Government’s stake in the bailed-out banks, has revealed plans to raise £25 billion by off-loading three-quarters of the taxpayer’s near-80 per cent stake in Royal Bank of Scotland over the next five years.

The North Sea oil and gas industry was left disappointed by Chancellor George Osborne's Budget announcement yesterday with some accusing him of “tinkering around the edges” of the beleaguered sector. Mr Osborne chose not to offer any new Budget incentives designed to kickstart languishing explor

While George Osborne announced in his Summer Budget yesterday that he was giving the United Kingdom a pay rise by increasing the national minimum wage, there was widespread anger that the capping of public sector wage rises at just one per cent a year until the end of the decade had effectively hand

George Osborne Yesterday’s Summer Budget announcement was a mixed bag for bankers after Chancellor George Osborne announced that the government will “gradually” reduce the bank levy over the next six years, only to go to say that an 8 per cent bank surcharge on profits is to be introduced from

Regulators confirm strict new rules for senior bankers Martin Wheatley