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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 10 June 2025
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Displaying 3407 contributions

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Finance and Public Administration Committee

Sustainability of Scotland’s Finances

Meeting date: 26 September 2023

Kenneth Gibson

Sandy, what can we do through the budget to ensure that the Scottish financial sector remains competitive?

Finance and Public Administration Committee

Sustainability of Scotland’s Finances

Meeting date: 26 September 2023

Kenneth Gibson

I think that we would all agree that we need a lot more 25-year-olds in Scotland’s working population.

11:15  

Finance and Public Administration Committee

Sustainability of Scotland’s Finances

Meeting date: 26 September 2023

Kenneth Gibson

So, in areas where Scotland has an advantage—for example, the small business bonus scheme—we should pay additional rates relief, but in areas where the UK has an advantage, we should ensure that all Barnett consequentials go into the sector. It would be a double-win for the sector, but it would impact on other areas of the Scottish budget. If that £85 million is to be used in hospitality and other sectors, where in the Scottish budget should the Scottish Government take it from?

Finance and Public Administration Committee

Sustainability of Scotland’s Finances

Meeting date: 26 September 2023

Kenneth Gibson

Is £15 million a realistic sum?

Finance and Public Administration Committee

Sustainability of Scotland’s Finances

Meeting date: 26 September 2023

Kenneth Gibson

I can understand the reluctance to say where in the Scottish budget the money should come from; after all, you probably do not have the same understanding of the budget as we do, and why would you? It is not your job to have that level of understanding.

11:00  

As for the Scottish Government’s philosophy, should it consider holding, reducing or increasing spending? If the latter, should we think about increasing taxation to provide that additional funding?

Sandy Begbie could argue that more money being spent in his sector would produce greater growth and therefore more taxation and more money for public services. You have heard the figures already. As I said earlier, the financial services sector accounts for 13 per cent of Edinburgh’s workforce but contributes 30 per cent of the economy, which is money available for public services. You mentioned that a lot of people—200,000—work in fragile communities where there is no other employment. They help to bind such communities, particularly those in rural areas in my constituency and many others.

Where would you want to pitch to the Scottish Government that additional funding is needed and where it should come from? In broad terms, should it come from taxation or from lower spending elsewhere?

Finance and Public Administration Committee

Sustainability of Scotland’s Finances

Meeting date: 19 September 2023

Kenneth Gibson

There is a cut of about 10 per cent for the coming financial year.

Finance and Public Administration Committee

Sustainability of Scotland’s Finances

Meeting date: 19 September 2023

Kenneth Gibson

I am going to conclude by allowing witnesses to make one final comment on any issue that they feel we have not touched on but should have, or on something else that they want to reinforce with regard to what has been said.

Finance and Public Administration Committee

Sustainability of Scotland’s Finances

Meeting date: 19 September 2023

Kenneth Gibson

Ruth Boyle, John Mason is saying that we should cut back on some areas of expenditure. What areas would you suggest?

Finance and Public Administration Committee

Sustainability of Scotland’s Finances

Meeting date: 19 September 2023

Kenneth Gibson

Parity of esteem is really important and I certainly endorse your comments on that. When you gave evidence two years ago, John Mason pointed out that Glasgow University had cash assets of, I think, £770 million. Of course, you pointed out that not all universities were as well off as Glasgow was at that time. I do not know whether it is still as well off—John Mason has probably got a better grip on those accounts than I have. Surely, the university sector, at least in Glasgow, has plenty of money to invest, without seeking additional resources from a public sector, which, as we have heard, is already constrained.

12:15  

Finance and Public Administration Committee

Sustainability of Scotland’s Finances

Meeting date: 19 September 2023

Kenneth Gibson

That was a nice cheery comment. [Laughter.]

11:15