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 4779 contributions
Finance and Public Administration Committee
Meeting date: 26 November 2024
Kenneth Gibson
Thank you very much for that. In time-honoured fashion, I will start with some questions, then pass over to colleagues around the table.
In your “Devolved tax and spending forecasts” document, which you produced to go with your magnificent 207-page tome on the budget, an element of frustration seems to come through. You say:
“we lack sufficiently detailed or timely data that is required to produce forecasts for Scotland”,
so the OBR needs to do a lot of extrapolation. What additional data could be provided to help you to make your forecasts more accurate? I am well aware that we have the Scottish Fiscal Commission, and I will ask a question about it in a minute or two.
Finance and Public Administration Committee
Meeting date: 26 November 2024
Kenneth Gibson
Interestingly, your forecasts appear to be more optimistic than those of the SFC. Historically, how accurate have your predictions been, compared with those of the SFC? Are yours more accurate or less accurate, or are they more or less on the nose, give or take?
Finance and Public Administration Committee
Meeting date: 26 November 2024
Kenneth Gibson
Indeed—I appreciate that.
Finance and Public Administration Committee
Meeting date: 26 November 2024
Kenneth Gibson
Mr Hughes, I am going to quote a lot from your report—everything that I am going to say, more or less, is a quotation from your report. Right at the start, on page 7 of your report, you say that, from the recent budget,
“Budget policies leave the level of output broadly unchanged at the forecast horizon.”
You go on to say that
“Real household disposable income ... per person, a measure of living standards, grows by an average of just over ½ a per cent a year over the forecast”
and that
“Compared to our March forecast, the level ... per person is just over 2 per cent higher at the start of the forecast due to data revisions, but 1¼ per cent lower by the start of 2029. The bulk of this difference (around 85 per cent) is explained by policies announced in this Budget.”
Is it your view that Scotland will follow the same trajectory? Why do you feel that a lot of the budget detail that you have analysed seems to be on the same theme, with a lot of it being front loaded and with a reduction in growth and investment over the piece? Will you talk us through that particular issue in terms of disposable income?
Finance and Public Administration Committee
Meeting date: 19 November 2024
Kenneth Gibson
Thank you for your statement—it is much appreciated. I saw Elaine blush briefly at those remarks.
In time-honoured fashion, I will open with a few questions and then we will go round the table so that colleagues can come in.
Revenue Scotland was created by section 2 of the Revenue Scotland and Tax Powers Act 2014, which I remember very well. It sets out a number of particular functions, one of which is to provide information, advice and assistance to Scottish ministers in relation to tax. Does that include input into the Scottish Government’s tax strategy?
Finance and Public Administration Committee
Meeting date: 19 November 2024
Kenneth Gibson
Is the impact of behavioural change on tax decisions one of the areas on which you would give advice?
Finance and Public Administration Committee
Meeting date: 19 November 2024
Kenneth Gibson
Where land and buildings transaction tax is set has an impact on behaviour, does it not?
Finance and Public Administration Committee
Meeting date: 19 November 2024
Kenneth Gibson
You talk about upholding four founding principles that underpin the Scottish approach to tax—certainty, convenience, efficiency and proportionality to the ability to pay. Do you think that six income tax bands is efficient?
Finance and Public Administration Committee
Meeting date: 19 November 2024
Kenneth Gibson
I also note that there will be
“significant upgrades to accessibility and assistive technologies”
on your website. I take it that that means that it will not take four years and cost £3 million to upgrade the website like it did for the Scottish Parliament.
Finance and Public Administration Committee
Meeting date: 19 November 2024
Kenneth Gibson
Obviously, you are not in control of income tax and so on.