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 2063 contributions
Finance and Public Administration Committee
Meeting date: 12 December 2023
Michelle Thomson
Thank you.
Finance and Public Administration Committee
Meeting date: 12 December 2023
Michelle Thomson
Good morning. I have just one question, which is related to inflation and, therefore, debt payments on PPI-type models. I have not heard a lot of talk about that. Obviously, various public sector bodies have seen massive increases in their repayments. Although we can take a view on what the OBR predicts about future inflation, I imagine that it will need to be considerably more cautious, in that when inflation goes down, it goes down. There is a clear link. Can you give me some more guidance on that? Also, what behavioural impacts—if any—will there be for finance executives in public sector organisations who are managing those greatly increased PPI payments?
Finance and Public Administration Committee
Meeting date: 12 December 2023
Michelle Thomson
It sounds as though, collectively, we do not know a great deal about the data and the impact of it. It strikes me as quite interesting that, if we are looking at the longer-term trajectory, even though we all assume that inflation will come down—which I think is correct—we also agree that it will not come down to the historically low levels that we previously had. It strikes me that it would be interesting to work through the impact of that on a variety of public sector organisations. I realise that I do not know about the issue, so perhaps it is heartening that you do not, either—I do not know. Anyway, thank you.
Finance and Public Administration Committee
Meeting date: 12 December 2023
Michelle Thomson
In fairness, it might be; the issue might be my ignorance. If we have the data, we can start to interrogate what the impact could be, and how that plays into the real economy, which is why I am asking.
Finance and Public Administration Committee
Meeting date: 12 December 2023
Michelle Thomson
That long-range looking back and the figures that you have set out are very helpful. I was not entirely clear from the autumn statement what the significant trigger factors would be that would make the change from what you have set out as the position over the past 15 years. In fairness, some of that is because of the lack of flexibility for all the areas that we have discussed, such as debt servicing and so on. Correct me if I am wrong and being somewhat pessimistic.
Finance and Public Administration Committee
Meeting date: 5 December 2023
Michelle Thomson
To be honest, I would like to hear you say that you have definitive plans to get to an equitable split the next time that you have two people stepping down. The problem with the perception of meritocracy is that if women never get the chance, they never get the chance to demonstrate merit. We have had that cyclical problem for a long time and it is heavily pronounced in financial services. I am interested to know a bit more about your specific plans. Given where we are, what target do you aim to reach in two years’ time? Do you have a target?
Finance and Public Administration Committee
Meeting date: 5 December 2023
Michelle Thomson
Do you have anything to add, Aidan?
Finance and Public Administration Committee
Meeting date: 5 December 2023
Michelle Thomson
Good morning, and thank you for joining us. To pick up on a point that the convener made, I never have any difficulty finding the stats, because I simply search for the key item on my laptop. Such are the joys of digital technology, convener.
I want to pick up on cybersecurity and, in general, ask about your assessment of the challenges and opportunities brought about by artificial intelligence. One of the challenges is that, in general terms, none of us knows. Specifically, I would make the case that the public sector is not at the cutting edge. What assessment have you made of the advent of AI, and particularly the sensitivities around data that you have outlined? What challenges do you see, how are you addressing them and what are the opportunities?
Finance and Public Administration Committee
Meeting date: 5 December 2023
Michelle Thomson
Thank you very much for that. You have identified the concerns with the process that will, thankfully, be picked up and we will carry on progressing it.
Perhaps I should have tagged my final question in with my first one. It is about where you are delegating responsibility. Although you remain accountable, responsibility lies elsewhere, such as with the Scottish Environment Protection Agency. Given what you outline in terms of protecting the integrity of your data and so on, how are you monitoring the risks of delegation? Will you talk me through that?
Finance and Public Administration Committee
Meeting date: 5 December 2023
Michelle Thomson
In part, you have answered one of my follow-up questions about the external assessment. You mentioned your software provider but, again, its view is only as good as its view of the world, and part of the challenge is the exponential speed of change. Would you consider consulting wider expertise? Do you have that in your sights?