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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 5 May 2021
  6. Current session: 12 May 2021 to 21 April 2025
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Displaying 702 contributions

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Economy and Fair Work Committee

“The economic contribution of the Pharmaceuticals Sector in Scotland”

Meeting date: 20 September 2023

Gordon MacDonald

I lifted that off its accounts on Companies House. That was all the information that I had.

Economy and Fair Work Committee

“The economic contribution of the Pharmaceuticals Sector in Scotland”

Meeting date: 20 September 2023

Gordon MacDonald

The figures that I lifted were from its latest published accounts on Companies House. I realise that there is a lag, but they suggest that, similarly to Exscientia, the improvement in its financial position has been recent. Back in 2020, if I am reading it correctly—again, this is from Companies House—Exscientia had only 65 employees. It was only in 2021-22 that we saw substantial growth, which it did not have when it was created back in 2012.

Finance and Public Administration Committee

Scottish Fiscal Commission (Publications)

Meeting date: 5 September 2023

Gordon MacDonald

With the timing differences.

Finance and Public Administration Committee

Interests

Meeting date: 5 September 2023

Gordon MacDonald

I have no relevant interests to declare.

Finance and Public Administration Committee

Scottish Fiscal Commission (Publications)

Meeting date: 5 September 2023

Gordon MacDonald

It has been an interesting discussion. I have three quick questions to round things off. Professor Roy, you quite rightly said that forecasts play a central role in setting the budget, but you have highlighted forecasting errors in revenue from income tax at 12 per cent and from land and buildings transaction tax at 13 per cent. What impact did that have overall on the Scottish Government’s budget in terms of what was available to it?

Finance and Public Administration Committee

Scottish Fiscal Commission (Publications)

Meeting date: 5 September 2023

Gordon MacDonald

You estimated that the reconciliation would be £745 million.

Finance and Public Administration Committee

Scottish Fiscal Commission (Publications)

Meeting date: 5 September 2023

Gordon MacDonald

The difference between the higher and the lower forecast element could have been resource that would have been available to the Scottish Government.

Finance and Public Administration Committee

Scottish Fiscal Commission (Publications)

Meeting date: 5 September 2023

Gordon MacDonald

It has to manage a lower amount than was previously estimated.

Finance and Public Administration Committee

Scottish Fiscal Commission (Publications)

Meeting date: 5 September 2023

Gordon MacDonald

Have the forecast errors led to changes in the model going forward, so that you can reduce the level of forecast errors?

Finance and Public Administration Committee

Scottish Fiscal Commission (Publications)

Meeting date: 5 September 2023

Gordon MacDonald

I come to my final point. I accept that you may not have seen these figures, but we were talking about the volatility around self-assessment taxpayers. What impact do you think the acceleration in the move to a cashless society has had? A report last year said that 23 million people in the UK no longer use cash, and that within a decade, the proportion of cash payments would be close to 6 per cent.