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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 12 May 2025
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Displaying 1533 contributions

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Finance and Public Administration Committee

Budget Scrutiny 2024-25 (United Kingdom Context)

Meeting date: 12 December 2023

Michelle Thomson

My last question concerns Brexit, which I know you have baked into numbers generally. For a period of time, it was difficult to disaggregate the data, given what was happening with wider geopolitical issues such as the energy crisis. My guess is that it is only the longer-run forecasts and the evidence therein that will start to show, or at least allow us to apportion some data to, the impact of Brexit. Am I right or wrong in that?

Finance and Public Administration Committee

Budget Scrutiny 2024-25 (United Kingdom Context)

Meeting date: 12 December 2023

Michelle Thomson

Thank you.

Finance and Public Administration Committee

Budget Scrutiny 2024-25 (United Kingdom Context)

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

Budget Scrutiny 2024-25 (United Kingdom Context)

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

Budget Scrutiny 2024-25 (United Kingdom Context)

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

Revenue Scotland

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?

Finance and Public Administration Committee

Revenue Scotland

Meeting date: 5 December 2023

Michelle Thomson

You have led me on to another issue, perhaps inadvertently. I want to ask you about equalities. Like the convener, I have read through your corporate governance report and I know that equalities is an area that you are required to be cognisant of. However, of the seven people on your board, I note that one is a woman and six are men. I can see that your senior management team is equally split. I also did a wee search on the use of the word “woman” in your corporate governance report, but I was not able to find any mention of it.

You will know that we generally have a significant issue with lack of representation of women in financial services. What are your plans to make the board more equitable? What is the split on your risk and audit committee, which is a classic committee that normally never has an equitable split?

Finance and Public Administration Committee

Revenue Scotland

Meeting date: 5 December 2023

Michelle Thomson

Alas, you have proved my theory correct.

Finance and Public Administration Committee

Revenue Scotland

Meeting date: 5 December 2023

Michelle Thomson

Thank you very much.

Finance and Public Administration Committee

Revenue Scotland

Meeting date: 5 December 2023

Michelle Thomson

Have I got time for one last question, convener?