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
Economy and Fair Work Committee
Meeting date: 26 October 2022
Michelle Thomson
That is helpful. My last question concerns the energy suppliers. Are people getting the support that they need from the suppliers? We have covered extensively the support that they need from Government. Are they getting the support that they need, from what you are picking up?
Economy and Fair Work Committee
Meeting date: 26 October 2022
Michelle Thomson
To clarify, we have seen the focus on supporting consumers but my concern is supporting SMEs. It will often not be a contract of equals between a large supplier, which might be a large multinational, and an SME. I am trying to tease out a bit more information about that. I am sorry if I was not clear.
Economy and Fair Work Committee
Meeting date: 26 October 2022
Michelle Thomson
Yes.
Economy and Fair Work Committee
Meeting date: 26 October 2022
Michelle Thomson
Good morning. We have covered a broad range of areas across the piece. Before I ask a few other questions I want to check whether any of the three remaining panel members feels that there might be questions that we should have put but have not been able to in a session of this breadth. On my screen I can only see the witnesses’ backs, so I ask whoever wishes to go first to do so.
Economy and Fair Work Committee
Meeting date: 26 October 2022
Michelle Thomson
I have a last wee question, just to bottom that out. A lot of our discussion has summed up the issues that we face at the moment, such as lack of access to labour and problems with capital, and has moved on to the longer-term impact on productivity or the lack of it. That is where the UK scores badly when we look at comparator countries, whether they be small economies or larger advanced ones.
My question to you is: based on all the people with whom you work, do you anticipate a slowdown in investment? That might be investment in automation—which David Thomson brought up earlier—or in more general terms, while, at least in the short period, we will be focusing on getting through what looks likely to be a difficult period or in the longer run because of the wider concerns that are being shared about another decade of austerity. It would be useful to hear your thoughts on that.
Finance and Public Administration Committee
Meeting date: 25 October 2022
Michelle Thomson
This is my last question and is for my own clarity. Will this be the only financial memorandum? Will you break down the detail, associated risks and potential cost overruns, which are what we are concerned about, through the detailed business cases and regular updates to the committee?
Finance and Public Administration Committee
Meeting date: 25 October 2022
Michelle Thomson
Good morning. My question goes back to the top level. How did we get to this point? I am surprised by the financial memorandum’s complete lack of what I regard as fundamentals. We have covered a number of those issues so far, in this session. I would like to understand why that is the case. I understand that the financial memorandum has to be produced alongside the bill, but how did we end up with an FM that does not even begin to cover the fundamentals? Speaking personally, and based on my experience, which is mostly in business, I say that I have no confidence whatever that the FM represents any level of accuracy or, therefore, of value for money. How did we get here?
Finance and Public Administration Committee
Meeting date: 25 October 2022
Michelle Thomson
Therefore, would the change not be a benefit to those defined benefit schemes, given that the liability lies with the provider? We have massive inflation, and I imagine that a lot of pension schemes are feeling somewhat nervous. To my mind, losing a lot of people would be a benefit from a local council perspective, albeit that I accept that it is a problem for the TUPE scheme. Am I misunderstanding something?
12:00Finance and Public Administration Committee
Meeting date: 25 October 2022
Michelle Thomson
I used to work in a pensions company, so I am with you.
Finance and Public Administration Committee
Meeting date: 25 October 2022
Michelle Thomson
So, it is policy driven—I understand that. You are correct that the amalgamation of health and social care has been a wish for a long time. However, that different approach has clearly introduced significant other risks, even with apportioning or estimating costs up front. The ranges that you have set out are very wide.
Let me put it this way: if it was your personal money, you would not be risking it. How will you mitigate the risk of there being significant cost overruns in a multitude of areas? My colleagues have mentioned issues with VAT, defined benefit pensions, assets, staff, double running, IT and even uncertainty about the governance of boards. Each one of those issues would introduce additional costs. How will you mitigate the risks in the process that you have adopted?