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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 4 May 2021
  6. Current session: 13 May 2021 to 14 February 2026
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Displaying 1992 contributions

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Finance and Public Administration Committee [Draft]

Budget Scrutiny 2026-27

Meeting date: 20 January 2026

Michelle Thomson

You are developing a capital market, for a start, which is a fundamental. I am sure that we will say more about that.

I want to get your reflections as well, Justine. You have background and experience from ICAS. Would any of your members have chosen to run their business like that? What are your reflections on going through the process for the first time?

Finance and Public Administration Committee [Draft]

Budget Scrutiny 2026-27

Meeting date: 20 January 2026

Michelle Thomson

Just like the UK Government.

Finance and Public Administration Committee [Draft]

Budget Scrutiny 2026-27

Meeting date: 20 January 2026

Michelle Thomson

I thank the witnesses very much for this session, which I have enjoyed a great deal. However, it strikes me that we have spent as much time talking about the fiscal framework in operation and the implications therein as we have talking about the budget.

Rather than asking Professor Roy, I invite Dr Ryan and Justine Riccomini to give us their reflections on their first sojourns into this process and to tell us what they think and why. I am not asking from any political point of view; I am asking a question about process.

In your answers, you might also want to reflect further on risk, but that is entirely up to you.

Finance and Public Administration Committee [Draft]

Budget Scrutiny 2026-27

Meeting date: 20 January 2026

Michelle Thomson

I should probably, and appropriately, give the last word to you, Professor Roy. I will add one more consideration—that of short-termism. Two major political events are enmeshed in this process—the Scottish election and the UK general election, plus the moving parts of the late fiscal events that you have already alluded to and the on-going new money via fiscal transfers that turns out to not be new money.

Give me your final reflections on what I am saying and on the transparency point. If we have more transparency that merely enables us to obsess yet further about the operation of the fiscal framework, that may give us the illusion of a step forward, but it would not really be a step forward at all.

What are your final comments on all of that and on where we are? Things surely have to be better from an efficiency and effectiveness point of view.

Finance and Public Administration Committee [Draft]

Budget Scrutiny 2026-27

Meeting date: 20 January 2026

Michelle Thomson

Thank you very much.

Finance and Public Administration Committee [Draft]

Budget Scrutiny 2026-27

Meeting date: 20 January 2026

Michelle Thomson

As Graeme Roy said earlier, David Heald will join our next session next week, when he will get on to this issue. A killer sentence from his submission said:

“the fiscal flexibility of the Scottish Government does not match its exposure to fiscal risk.”

That seems quite fundamental here and now, and even more so when we look forward to the potential introduction of Scottish bonds, for example. They are a different funding stream, but if they go ahead, they have the potential to produce even further complexity and therefore more risk. We will ask David when he is in front of us, but what is your thinking about the exposure to fiscal risk?

Economy and Fair Work Committee [Draft]

Community Wealth Building (Scotland) Bill: Stage 2

Meeting date: 14 January 2026

Michelle Thomson

The question is, that amendment 33 be agreed to. Are we agreed?

Members: No.

Economy and Fair Work Committee [Draft]

Community Wealth Building (Scotland) Bill: Stage 2

Meeting date: 14 January 2026

Michelle Thomson

There will be a division.

Economy and Fair Work Committee [Draft]

Community Wealth Building (Scotland) Bill: Stage 2

Meeting date: 14 January 2026

Michelle Thomson

The question is, that amendment 79 be agreed to. Are we agreed?

Members: No.

Economy and Fair Work Committee [Draft]

Community Wealth Building (Scotland) Bill: Stage 2

Meeting date: 14 January 2026

Michelle Thomson

The result of the division is: For 3, Against 6, Abstentions 0.

Amendment 33 disagreed to.

Amendment 51 moved—[Richard Leonard].