Commenting on the results of the HBOS takeover vote, Tavish Scott, leader of the Liberal Democrats in Scotland said: “I am disappointed, but not surprised that this deal has been approved.

“This is bad news for jobs and competition in Scotland. Scottish customers and businesses will face higher bank charges in the future as a result.Tavish Scott, Leader of the Scottish Lib Dems

“The UK Government and the HBOS board were wrong to roll this deal through so smoothly.”