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Displaying 1202 contributions
Finance and Public Administration Committee
Meeting date: 29 October 2024
Craig Hoy
Some developers are quite good at setting up several different corporate entities. Is there a risk that developers will simply go down that route? By having regional development companies, they could get round the £10 million profit limit.
Finance and Public Administration Committee
Meeting date: 29 October 2024
Craig Hoy
I have no relevant interests to declare.
Finance and Public Administration Committee
Meeting date: 29 October 2024
Craig Hoy
But do you have an indication? Is it 50:50, or is it two thirds to one third? I am just trying to get a rough idea.
Finance and Public Administration Committee
Meeting date: 29 October 2024
Craig Hoy
Fine. Given the in-year budget pressures that the Government faces this year, and that it will probably face in future budgets, is there a risk that the remediation process will go only as fast as the Scottish Government can afford, in-year?
10:00Finance and Public Administration Committee
Meeting date: 29 October 2024
Craig Hoy
What would be the cost of remediation work on those 100 properties?
Finance and Public Administration Committee
Meeting date: 29 October 2024
Craig Hoy
I have two quick questions on the impact on the housing market. We know that there is an affordability issue in the Scottish housing market relative to income. We also know that certain developers have had their margins squeezed intensely and that, for example, the Stewart Milne Group has gone to the wall. What assessment have you made of the effect on the price of, let us say, a £250,000 starter home? Based on your discussions with developers, how much of the levy will they pass on to house buyers?
Finance and Public Administration Committee
Meeting date: 29 October 2024
Craig Hoy
We are talking about public safety and people’s financial security in relation to their properties. Just for clarity, I assume that the £17 million or so was spent in-year and that, moving forward, you intend to fund the remediation works out of future budget settlements. Is there a risk that the process could slow because the Scottish Government did not have sufficient funds in-year to fund the accelerated pace of remediation work?
Finance and Public Administration Committee
Meeting date: 29 October 2024
Craig Hoy
So a new developer would be exempt.
Finance and Public Administration Committee
Meeting date: 29 October 2024
Craig Hoy
Good morning, cabinet secretary. To go back to the figures, in March 2020, you received £97.1 million in Barnett consequentials for remediation. The response to the freedom of information request from March this year, which has been referred to, said that £16.9 million had already been spent. I want to delve a little deeper into the remaining £80 million. Do you have that money at hand to spend if there should be an accelerated period of remediation?
Public Audit Committee
Meeting date: 29 June 2023
Craig Hoy
I do not want to repeat or, perhaps, to labour some of the points that the convener has already made, but I note that paragraph 5 of the report says:
“The auditors reported that they had not received all information and explanations required for their audit in relation to the property, plant and equipment balances. The auditors also raised concerns about the overall quality and timeliness of Scottish Canals accounting records and working papers. This has led to significant delays to the audit process.”
I can second guess what you are going to say, given your responses to Mr Leonard, but is it safe to say that your concerns go far wider than the issues related to the property, plant and equipment balances?