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: 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
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]
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]
Meeting date: 26 June 2025
Michelle Thomson
You have baked that in.
Economy and Fair Work Committee [Draft]
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]
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?
Economy and Fair Work Committee [Draft]
Meeting date: 26 June 2025
Michelle Thomson
You mentioned, peripherally, engagement with the UK and the Scottish Governments. It would be useful for the committee to hear what that engagement has been, although I appreciate that there might be some things that you cannot share. With regard to the UK Government, the Department for Business and Trade has a separate section for distressed businesses. Have you had any engagement with it? If so, what has that involved, what has it offered and what is the current status? The same question applies to your engagement with the Scottish Government.
Economy and Fair Work Committee [Draft]
Meeting date: 26 June 2025
Michelle Thomson
We have heard about various options being on the table. You would have heard the unions talking yesterday about the potential for a shorter-term furlough scheme. Have you gamed various scenarios in relation to what commitments you would give in return? I appreciate that there could be a variety of scenarios but I am trying to explore with you the extent to which you have thought that, if you are going to get X, you will give something back. Can you give me a flavour of what scenarios you have gamed?
Economy and Fair Work Committee [Draft]
Meeting date: 26 June 2025
Michelle Thomson
Thank you. I am just checking—I had a wee list of questions. No, I think that I am done. Thank you, convener.
Economy and Fair Work Committee [Draft]
Meeting date: 26 June 2025
Michelle Thomson
Okay. Thank you.