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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 2 February 2026
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Displaying 4316 contributions

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Finance and Public Administration Committee [Draft]

Budget Scrutiny 2026-27

Meeting date: 20 January 2026

Kenneth Gibson

Indeed.

Finance and Public Administration Committee [Draft]

Budget Scrutiny 2026-27

Meeting date: 20 January 2026

Kenneth Gibson

Yes—it is about the upper rates. Apologies.

Finance and Public Administration Committee [Draft]

Budget Scrutiny 2026-27

Meeting date: 20 January 2026

Kenneth Gibson

What am I going to say, then? [Laughter.]

Finance and Public Administration Committee [Draft]

Budget Scrutiny 2026-27

Meeting date: 20 January 2026

Kenneth Gibson

Limits to capacity in certain geographical areas and skills areas have a distortive effect. Why would you stick to the GDP deflator on capital when you know that it underestimates that effect? It will not be a 5 per cent reduction in terms of the amount of road that can be maintained or the number of new houses that can be built. The reduction will be a lot more than 5 per cent, will it not? What is it likely to be?

Finance and Public Administration Committee [Draft]

Budget Scrutiny 2026-27

Meeting date: 20 January 2026

Kenneth Gibson

Sorry, but I would have thought that you could use the GDP deflator for resource and the Building Cost Inflation Service rate, or whatever it might be—some measure that can be agreed on—for capital. We use capital and resource completely separately. They are separated throughout your figures. It therefore seems to me that it would make sense to use two different measurements.

Finance and Public Administration Committee [Draft]

Budget Scrutiny 2026-27

Meeting date: 20 January 2026

Kenneth Gibson

Nor do we have timescales or budgets.

Finance and Public Administration Committee [Draft]

Budget Scrutiny 2026-27

Meeting date: 20 January 2026

Kenneth Gibson

I knew that you would duck and dive that question. The OBR did exactly the same, as you are probably well aware. [Laughter.]

Finance and Public Administration Committee [Draft]

Budget Scrutiny 2026-27

Meeting date: 20 January 2026

Kenneth Gibson

It is terrible when you are a politician and you cannot get a straight answer, is it not? [Laughter.]

Is there anything that you want to conclude with or feel that we should touch on that we have not mentioned? Are there any points that any of your team wish to raise? If so, now is your chance to do so. I see that no one wishes to come in. Thank you very much—we greatly appreciate your evidence.

We will have a five-minute break to allow for a changeover of witnesses.

11:24

Meeting suspended.

11:29

On resuming—

Finance and Public Administration Committee [Draft]

Budget Scrutiny 2026-27

Meeting date: 20 January 2026

Kenneth Gibson

It is not the shortest that we have ever received.

Finance and Public Administration Committee [Draft]

Budget Scrutiny 2026-27

Meeting date: 20 January 2026

Kenneth Gibson

The Chancellor of the Exchequer has said that she will have only one fiscal event, which is positive. She may, of course, wish to keep some flexibility, but do you think that it should be set for a date in the last week of October, so that everyone can plan?