On 19 March the (then Shadow) Chancellor Rachel Reeves delivered the 36th Mais Lecture at Bayes Business School in London. This was an opportunity for Labour to set out its stall on economic policy, and Rachel Reeves used it as a chance to outline her proposed fiscal rules. In doing so, she said:[O]ur fiscal rules differ from the government’s. Their borrowing rule, which … [Read more...] about Why Labour’s “borrowing to invest’ rule is no game-changer
Scottish economy outperforming the UK but for how long?
As with GDP for the UK as a whole, the level of Scottish GDP has been revised up throughout 2021 and 2022 in line with the Office for National Statistics’ (ONS) Blue Book 2023 revisions. This means that the economy recovered more quickly than anticipated from the pandemic, which is welcome news. It is now estimated that the Scottish economy is 0.9% larger than it was prior to … [Read more...] about Scottish economy outperforming the UK but for how long?
How much will an extra Scottish Income Tax band raise?
This is a a short briefing from the Fraser of Allander Institute on how much revenue would be raised by some of the proposals for an additional band of Scottish Income Tax between the higher (42p in the pound) and top (47p in the pound) rates. There are two separate proposals in the public domain:One from the Scottish Trades Union Congress (STUC), which would levy a 44p rate … [Read more...] about How much will an extra Scottish Income Tax band raise?