Seòmar agus comataidhean

It is the best worst, as I think people would agree.

Cabinet secretary, your comments lead neatly to a question that I have, which concerns an alarming statement from the Fraser of Allander Institute in its report for the Economic and Social Research Council, “Designing and funding the devolved nations’ policy responses to COVID-19”, which you will know about. It said:

“The effect is to circumvent not only the Barnett Formula but the devolved governments themselves.”

I was interested to hear you talk about the implications of spending coming in from left field. Have you given further detailed consideration to a range of scenarios in which that might have unintended and potentially undesirable consequences for your ability to control and manage your budget and your ability to deliver on your policy imperatives?

Thank you for those points. I will move on. I would like more information, which I think will be of general interest to everyone. In your letter to the committee dated 30 August—thank you for that—you mention that you plan to launch Scotland’s first framework for tax. It would be helpful if you were to share what additional information you can about that. I am generally interested in the discussion about tax that we had last week.

In that respect, I, too, was excited about box 3.1, which started to get into that sort of thing.

My next question follows on from that and is on the similar theme of GDP per capita. We know that there are endless debates about how effective that is as a measure, although it is internationally understood and you rightly use it. However, what, if any, thinking have you done about measures in addition to GDP per capita, given its known and understood crudity, and particularly as we start to move to the so-called wellbeing economy, which I know is somewhat amorphous at the moment?

I also refer members to my entry in the register of members’ interests. I receive income from residential buy-to-let properties and I am a shareholder in a property management company, but I receive only a benefit in kind in the form of life cover and no other income. I am a former MP and I have been asked to continue as an ambassador for a Westminster all-party parliamentary group for fair business banking, for which I receive no income.

I nominate Kenneth Gibson.

Kenneth Gibson was chosen as convener.

Good morning, everybody. I am a former employee of Standard Life and of the Royal Bank of Scotland, but I hold no shares in them.

I am a sole trader of Thomson Holdings, which is a property investment company for buy-to-let residential property. I receive some income from that, which is declared in the register of interests.

I am a director of Senza Rit Ltd, which is a property management company for residential property. I receive a benefit in kind in the form of life cover, but I receive no income from that. That is declared in the register of interests.

I am a former adviser to the Northern Ireland Assembly all-party group on fair banking and finance, for which I received no remuneration, and I am a current ambassador of the Westminster all-party parliamentary group for fair business banking, for which I receive no remuneration.