fiscal framework
Treasury gives Holyrood more fiscal leeway
The Fiscal Framework behind the Scottish Budget has finally been updated, giving the Scottish Government greater leeway when it comes to tax and spend poli
How sustainable are Scottish tax and spend policies?
“under current Scottish and UK fiscal policies, if public services in Scotland are to continue to be delivered as they are today, Scottish Government spending over the next 50 years will exceed the estimated funding…
Prospects for future fiscal devolution?
“Are current fiscal powers optimal for managing day-to-day and longer-term risks? And do the devolved administrations have the right tools to manage the financial risks they are likely to face now and in the future?”
Tax policy in Holyrood 5
The author, fiscal expert at FAI, examines the tax changes designed to achieve greater fairness made in the fifth Scottish Parliament – and the scope for reform and greater powers in the next.
Spending Review 2020 and Scotland
‘The scheme will apparently operate ‘UK wide, using the new financial assistance powers in the UK Internal Market Bill’. Whilst the fine details are awaited, the lack of explicit reference to the devolved governments will…
GERS, COVID and Scottish independence
“This lack of economic engagement by senior SNP Ministers remains a weakness for the independence message on the economy. Such a policy vacuum in a key area of the independence debate may be manageable when…
GERS 2019 and indyref2
‘The comment by the Scottish Finance Secretary at the time of publication that “Scotland’s economy and public finances are strong” seems fanciful given any reasonable analysis of recent low economic growth figures and a still…
MSPs miss the bigger picture
MSPs on finance committee debate the Scottish Budget: ‘Coming in the midst of the parliament’s 20th anniversary celebrations, this was not a good advert for parliamentary effectiveness in holding the government to account’.
VAT assignment – bridge too far for fiscal devolution?
A key aim of the Smith Commission was to improve accountability and make Scotland’s politicians responsible for the money that they spent. Unfortunately rather than helping to deliver this aim, the current proposals for VAT…
Funding the Scottish budget deal
‘Whilst there is clearly a negotiating advantage in the government holding back some monies as part of their tactics to get the Budget Bill through, one can see MSPs from now on assuming that £100…
Why do Scottish v UK growth forecasts differ?
‘On balance, the SFC’s GDP forecasts are not out of kilter with the recent past. And the SFC assumes that there will be no ‘bounce-back’ in Scottish growth to recapture weak growth relative to the…
Tale of two tax reforms: Scotland v USA
‘While the Scottish government is introducing more progressive taxes, the US is in the process of passing a controversial bill which cuts tax bigly for the rich’. Jackie Kemp, now based in Boston, Mass., saees…