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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 4 May 2021
  6. Current session: 13 May 2021 to 14 October 2025
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Displaying 2676 contributions

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Economy and Fair Work Committee [Draft]

Scottish Government Priorities

Meeting date: 1 October 2025

Stephen Kerr

Let us see whether we can agree on something else, then. Turning to productivity, do we agree that it is the single most important driver of growth, living standards and public service funding?

Economy and Fair Work Committee [Draft]

Scottish Government Priorities

Meeting date: 1 October 2025

Stephen Kerr

Which is what is needed.

Economy and Fair Work Committee [Draft]

Scottish Government Priorities

Meeting date: 1 October 2025

Stephen Kerr

On that point, we have a particularly difficult problem in Scotland in relation to business investment. Our business investment percentages are among the lowest in the Organisation for Economic Co-operation and Development countries. I want to hear, from a Scottish Government perspective, what we are going to do differently to change that.

Economy and Fair Work Committee [Draft]

Scottish Government Priorities

Meeting date: 1 October 2025

Stephen Kerr

I am getting a signal from the convener. We could talk about this for a very long time, because there is so much to unpack on innovation-active companies. The problem that we have with technology in Glasgow as a major city is that it is below all the averages in all the areas that make a difference to local and national productivity. However, we do not have time to go into that.

Economy and Fair Work Committee [Draft]

Scottish Government Priorities

Meeting date: 1 October 2025

Stephen Kerr

There have been a number of excellent reports that explore these paradoxes, but we in Scotland are not unique in that respect, hence the importance of our looking further afield and taking those lessons. Some of those lessons will be quite uncomfortable about the nature and structure of our economy, and how we perhaps have to be prepared to rearrange those structures to help us become more prosperous. I am sure that you agree with some of that.

Economy and Fair Work Committee [Draft]

Scottish Government Priorities

Meeting date: 1 October 2025

Stephen Kerr

If not the top. Right—so we kind of agree on that. How much money does this area of your portfolio spend? How much have you got? It is about £1 billion, is it not?

Economy and Fair Work Committee [Draft]

Scottish Government Priorities

Meeting date: 1 October 2025

Stephen Kerr

In the economy brief.

Economy and Fair Work Committee [Draft]

Scottish Government Priorities

Meeting date: 1 October 2025

Stephen Kerr

There is a churn in the life cycle of businesses. One area that could boost our economy and productivity where we have not done very well is the creation of new businesses. Roughly, over a 10-year period, we are creating new businesses at less than half the rate in the rest of the United Kingdom. That will have a negative impact on our ability to be a productive economy. What do you put that down to?

Economy and Fair Work Committee [Draft]

Scottish Government Priorities

Meeting date: 1 October 2025

Stephen Kerr

I am looking at it over 10 years.

Economy and Fair Work Committee [Draft]

Scottish Government Priorities

Meeting date: 1 October 2025

Stephen Kerr

It has been shown that that is a very difficult nut to crack.

The Government is spending money to try to drive productivity, which I think is the key economic driver, but we are not making headway. When we consider the budget, we ask ourselves about the issues and the problems with value for money. Clearly, we are not getting the £1 billion bang in this area. What is your analysis?