The Official Report is a written record of public meetings of the Parliament and committees.
All Official Reports of meetings in the Debating Chamber of the Scottish Parliament.
All Official Reports of public meetings of committees.
Displaying 2055 contributions
Finance and Public Administration Committee
Meeting date: 9 January 2024
Michelle Thomson
Good morning, panel. I have a couple of areas that I want to explore, but I will start with one of the principles that the convener outlined, which is the focus on a greener and growing economy. We have thus far asked quite a lot of questions about the growing element, but I want to get some views on the greener element of it, perhaps in particular the low focus on capex and what impact that will have on net zero goals and just transition. In other words, to what extent will this budget enable the greener element as well as the growing element—because obviously we have supply chain considerations—and to what extent will it not?
Finance and Public Administration Committee
Meeting date: 9 January 2024
Michelle Thomson
Professor Bell, were you surprised by the £60 million cut to the funding for the Scottish National Investment Bank? Obviously, we all want it to be regulated by the Financial Conduct Authority so that it can crowd in other sources of funding—we understand that—but what is your view on that £60 million cut and how it might impact on our net zero ambitions and other areas?
Finance and Public Administration Committee
Meeting date: 9 January 2024
Michelle Thomson
Okay. Professor Bell?
Finance and Public Administration Committee
Meeting date: 9 January 2024
Michelle Thomson
I want to move on to another area, although I appreciate that both the other panellists might have further comments on that one.
Dr Sousa, were you surprised by the allocation of money from ScotWind to resource expenditure? Would you ordinarily expect the Government to apply fiscal rules to that money?
Finance and Public Administration Committee
Meeting date: 9 January 2024
Michelle Thomson
Thank you.
Finance and Public Administration Committee
Meeting date: 9 January 2024
Michelle Thomson
We have heard some comments about how we provide best value. Martin Booth started that off. However, I am sure that Richard Robinson has a view about the cost of central Government and the increase of £30 million when we see other budgets being cut. He has drawn our attention to the report about the need for workforce planning and so on, so I would appreciate his thoughts. Richard, were you surprised by that increase? What are your reflections on that aspect of the budget, in the light of the report that you produced at the back end of last year?
Finance and Public Administration Committee
Meeting date: 20 December 2023
Michelle Thomson
Good morning. I will focus on just one point, because we have a lot of areas to cover and I know that everyone wants to come in.
On the issue of behavioural change, I fully accept what you said about the figures that the convener highlighted and your point that they are relatively small in relation to the overall income tax base. As I understand it, your modelling is based on those who might be impacted, but I am interested in exploring the second-round effects, if you like, against the challenge of counterfactuals.
I note that, this morning, Professor David Bell said:
“my concern is that it will be difficult to attract the workers and investment to Scotland that are needed to generate sufficient growth”.
The same sentiment has been expressed elsewhere. Instead of, as we would imagine it, people leaving the country, it might well be that people just do not come. That is one possible scenario among a multitude of them. I would like to hear a bit more on your thinking and reflections on that at a big-picture level.
Finance and Public Administration Committee
Meeting date: 20 December 2023
Michelle Thomson
You bring out something else. People say that net migration from the rest of the UK into Scotland is higher than it is the other way round, but I suppose, if that is true, there is a question about the implications for tax and investment.
I appreciate that we do not have the answers here. I am just trying to get more of your reflections. The problem is that we do not know what will be true until after the event.
Finance and Public Administration Committee
Meeting date: 20 December 2023
Michelle Thomson
I am sorry to interrupt, but I suppose that you are looking at the data that is coming through and, as I heard Professor Roy say, past evidence. I am not talking about a Laffer curve tipping point, but I am trying to explore the perception of Scotland as a place to invest. Does this change anything at all in that respect?
Finance and Public Administration Committee
Meeting date: 20 December 2023
Michelle Thomson
We all agree that it is a problem that we do not know.