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Chamber and committees

Official Report: search what was said in Parliament

The Official Report is a written record of public meetings of the Parliament and committees.  

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Dates of parliamentary sessions
  1. Session 1: 12 May 1999 to 31 March 2003
  2. Session 2: 7 May 2003 to 2 April 2007
  3. Session 3: 9 May 2007 to 22 March 2011
  4. Session 4: 11 May 2011 to 23 March 2016
  5. Session 5: 12 May 2016 to 5 May 2021
  6. Current session: 12 May 2021 to 28 April 2025
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Displaying 1505 contributions

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Economy and Fair Work Committee

Scotland’s Supply Chain

Meeting date: 15 December 2021

Michelle Thomson

Does Iain Bomphray have any final comments before we move on?

Economy and Fair Work Committee

Scotland’s Supply Chain

Meeting date: 15 December 2021

Michelle Thomson

Good morning to the panel. I will change the focus a little andf talk about finance. This morning, we had more bad news about the consumer prices index. Inflation has risen by 5.1 per cent in the past 12 months, which is much higher than was forecast. Andy Verity of the BBC has said that

“pressure ... is coming from ... rising commodity prices. The prices manufacturers paid for raw materials were up by 14.3%”

during that time.

I have a couple of questions that I want to explore with you, with your knowledge of manufacturing in general. How are businesses—in particular SMEs—coping, given the level of debt that they are already carrying, whether that is from bounce back loans or coronavirus business interruption loan scheme loans? Do you anticipate cash flow problems for the sector, given the rise in commodity prices and the supply chain issues that we have already discussed?

I should have said that those questions are for all the witnesses, starting with Nick Shields.

Economy and Fair Work Committee

Scotland’s Supply Chain

Meeting date: 15 December 2021

Michelle Thomson

That is very helpful. If there is any further information that you can provide to narrow down the topic in terms of the type of bids, it would be useful to have that. As someone who has made a UK finance bid, I appreciate what you have said.

Does Keith Ridgway or Iain Bomphray have any final points to make on investment and innovation finance before we move on? I am conscious of the time.

Economy and Fair Work Committee

Scotland’s Supply Chain

Meeting date: 15 December 2021

Michelle Thomson

On that point, there have been a few mentions of innovation in supply chain materials that will help us to meet our net zero targets. I suspect that that kind of innovation is of great interest to the committee.

Staying on the issue of finances, we all appreciate how important innovation is. Do you anticipate access to finance for such innovation presenting any problems? Are you seeing that? Is it difficult to access the capital?

Economy and Fair Work Committee

Scotland’s Supply Chain

Meeting date: 15 December 2021

Michelle Thomson

Could Keith Ridgway and Iain Bomphray answer the question, too?

Finance and Public Administration Committee

Budget Scrutiny 2022-23

Meeting date: 14 December 2021

Michelle Thomson

My last wee question is about behavioural elements. You talk about the Scottish Parliament taking a risk. If I was running a business, there is no way that I would run it in this way. How does that affect behaviour? That is probably my last question before the convener closes me down, and rightly so.

Finance and Public Administration Committee

Budget Scrutiny 2022-23

Meeting date: 14 December 2021

Michelle Thomson

I am trying to work out the cost to the tax take of the Scottish Government of the reduction of up to 50,000 immigrants. I do not know anything about the nature of how much tax they paid or whether you would average it. I want to get a sense of the cost of that in budgetary terms.

Finance and Public Administration Committee

Budget Scrutiny 2022-23

Meeting date: 14 December 2021

Michelle Thomson

I have one last wee question.

Finance and Public Administration Committee

Budget Scrutiny 2022-23

Meeting date: 14 December 2021

Michelle Thomson

There will be economic outcomes, so the two are linked.

Finance and Public Administration Committee

Budget Scrutiny 2022-23

Meeting date: 14 December 2021

Michelle Thomson

Good morning. I want to go right back to where we started, Professor Breedon. I could not quite hear your answer on what, specifically, was contained within the £620 million other income. I heard “spillovers” and “underspends”, but I could not hear what you said.

What estimates have you included and at what levels? I suspect that we will also want to probe the Scottish Government about what is included in that amount. If you do not mind, I ask you to run through that. In particular, I am also interested in whether and how you have factored the health and social care levy into your projections and whether you estimate that the Scottish Government has done the same. I understand that the Treasury says that the levy is in the figures, but I do not have a tangible sense of at what level in the budget.