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 [Draft]
Meeting date: 10 February 2026
Michelle Thomson
I do not intend to make any further remarks about amendment 53, which concerns first-time buyers. Amendments 54 and 55 are coming up in the group—do you want me to talk to them?
Finance and Public Administration Committee [Draft]
Meeting date: 10 February 2026
Michelle Thomson
Okay. I have nothing further to add on amendment 53, convener.
Finance and Public Administration Committee [Draft]
Meeting date: 10 February 2026
Michelle Thomson
I simply want to put on the record that I have neglected to talk to amendment 56. I am therefore grateful that I had the opportunity to meet the minister prior to this session and glad that we had that conversation. I apologise to the committee and the convener.
Finance and Public Administration Committee [Draft]
Meeting date: 10 February 2026
Michelle Thomson
I will not labour my point too much, because I think that the minister has correctly expressed the fact that this area is a particular concern for the build-to-rent sector. I have raised these issues a number of times in evidence sessions. The critical point, which is recognised, is that the sector operates at scale. I regard it as a sector that is utterly fundamental to us achieving the volume of developments that we need at the pace that is required. We must have the sector on side—that is critical. It is also worth pointing out that the same issue could affect mid-market rent and student accommodation.
It is worth reflecting briefly on the business model, whereby, if there is no sale after completion, the developer will be left with such a large financial liability that that might cause some developers to consider whether it would be better to focus on developing in Leeds rather than Edinburgh, for example. That is the root of my—
Finance and Public Administration Committee [Draft]
Meeting date: 10 February 2026
Michelle Thomson
It adds to the complexity.
Finance and Public Administration Committee [Draft]
Meeting date: 27 January 2026
Michelle Thomson
It is a bit technical.
Finance and Public Administration Committee [Draft]
Meeting date: 27 January 2026
Michelle Thomson
All of this links not just to economic growth but to fiscal sustainability, which, as you will know, the committee has referred to quite a few times. I am surprised that the Government has not committed to responding to the Scottish Fiscal Commission’s fiscal sustainability report. Why is that? Given what you have said about the constraints of the fiscal framework, I am sure that you understand and agree with the importance of fiscal sustainability. Why is the Government not planning to respond to the Scottish Fiscal Commission?
Finance and Public Administration Committee [Draft]
Meeting date: 27 January 2026
Michelle Thomson
If the target for public sector reform is £1 billion, I am surprised that the investment available for invest to save is only about 3 per cent of that. Traditionally, it is quite expensive to save money. It costs money to save, so I thought that a figure of about 3 per cent was very low, and it makes me question how realistic the £1 billion figure is—although I know that that is a separate discussion.
Finance and Public Administration Committee [Draft]
Meeting date: 27 January 2026
Michelle Thomson
It will need an exponential increase in speed, I think.
I will leave it there, because I appreciate that everyone else on the committee wants to come in.
Finance and Public Administration Committee [Draft]
Meeting date: 27 January 2026
Michelle Thomson
That is the whole point. Only 20 per cent can be netted off because of section 24 of the 2015 act. For the sake of argument, if you have a rent of £100 and a mortgage of £80, HMRC judges you to have an income of £100, but, of course, the net after expenses is not that at all and, if there is a tax increase of 2p, it could have a skewed impact if they are geared quite highly.