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Seòmar agus comataidhean

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 4 May 2021
  6. Current session: 13 May 2021 to 14 September 2025
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Displaying 1717 contributions

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Economy and Fair Work Committee [Draft]

Tourism

Meeting date: 3 September 2025

Michelle Thomson

Do you have any final comments, David Hope-Jones?

Economy and Fair Work Committee [Draft]

Tourism

Meeting date: 3 September 2025

Michelle Thomson

This is a quick question—and possibly, if you will forgive me, a slightly cheeky one. We heard a clear articulation from the previous panel, with concerns being expressed, and we are now getting a totally different view. Where is the disconnect occurring and why? I accept what you are saying about timescales and working through the iterative process that you have described, but it still seems to me that there is a disconnect. We are in politics and we understand probably better than anybody that people will adopt positions but, at the same time, we have a duty to make sure that we get to the right place in everybody’s interest.

Who would like to take that cheeky question?

11:15  

Finance and Public Administration Committee [Draft]

Scottish Government and Scottish Fiscal Commission (Publications)

Meeting date: 2 September 2025

Michelle Thomson

My questions follow on from the themes raised by Craig Hoy and Ross Greer. You have noted that you will not model hypotheticals. What assessment is the Scottish Fiscal Commission making of the risks of the fiscal framework against the macroeconomic position? It is not unreasonable to say that most people would consider that, at minimum, the risk of a UK sovereign debt crisis is elevated.

I searched through all your documents specifically for risk. To what extent are you constrained by your reporting within the fiscal framework exactly the scenario that you have set out—of UK budget decisions flowing through—and does that limit your ability to look at the big picture? We can see flow-through everywhere that we look: for example, in the impact of the energy profit levy on the North Sea. What are your reflections on that?

Finance and Public Administration Committee [Draft]

Scottish Government and Scottish Fiscal Commission (Publications)

Meeting date: 2 September 2025

Michelle Thomson

Because that is policy.

Finance and Public Administration Committee [Draft]

Scottish Government and Scottish Fiscal Commission (Publications)

Meeting date: 2 September 2025

Michelle Thomson

You have set out the process as it is and the steps that you take. However, does the complexity of the UK Government’s policy choices in the face of a serious macroeconomic position not increasingly limit your ability to prepare Scotland and the Scottish Government for what might lie ahead?

Finance and Public Administration Committee [Draft]

Scottish Government and Scottish Fiscal Commission (Publications)

Meeting date: 2 September 2025

Michelle Thomson

The reason why I asked about that is that I can see that you have done a tremendous amount of work to increase understanding of the fiscal framework. I love your wee things on X, LinkedIn and so on explaining it. From my reading of it, though, we suffer from a depletion of quality financial journalists. In Scotland, journalists tend more to be generalists. In the context of the work that you are doing on the fiscal framework, I see quite a lot of gaps in understanding, one of which is how, ultimately, the macroeconomic position of the UK flows through into the Scottish budget. What is your sense of that? Where is the general understanding? I am thinking particularly about media journalists in the business and economic space.

Economy and Fair Work Committee [Draft]

Alexander Dennis

Meeting date: 26 June 2025

Michelle Thomson

I have a couple of wee questions. First, it seems as if you are saying that, even if you reach the magical number of orders, you still have to get them sold, fulfil orders and have demand sustained at the same level to make your profit margins work. Am I correct in saying that the issue is sustained demand?

Economy and Fair Work Committee [Draft]

Alexander Dennis

Meeting date: 26 June 2025

Michelle Thomson

You have baked that in.

Economy and Fair Work Committee [Draft]

Alexander Dennis

Meeting date: 26 June 2025

Michelle Thomson

You have again articulated the position as it has progressed over a number of years. We can see that, but it looks as if the trigger has been the refinancing by Alexander Dennis or the parent company. Typically, that will involve a forensic accountant looking under the covers at the historical data and saying, “Wait a minute—something needs to be done here.” Has that been the trigger?

Economy and Fair Work Committee [Draft]

Alexander Dennis

Meeting date: 26 June 2025

Michelle Thomson

NFI Group published the results of its refinancing plan in July 2023. Any normal refinancing plan would look under the covers of all elements of the business, so did that plan look at the process of the ultimate consolidation as a condition of the refinancing?