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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 3226 contributions

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Finance and Public Administration Committee

Budget Scrutiny 2023-24 (United Kingdom Context)

Meeting date: 13 December 2022

Kenneth Gibson

To be fair, everyone will be hit by fiscal drag between now and 2028. Andy King, did you want to come in?

Finance and Public Administration Committee

Budget Scrutiny 2023-24 (United Kingdom Context)

Meeting date: 13 December 2022

Kenneth Gibson

What will be the debt repayment level in 2027-28 under current forecasts?

Finance and Public Administration Committee

Budget Scrutiny 2023-24 (United Kingdom Context)

Meeting date: 13 December 2022

Kenneth Gibson

Another issue that we have talked about is fairness. For example, the UK Government abolished the cap on bankers’ bonuses on 23 August, and it did not reverse that. The Office of Tax Simplification will also be closed. What are the implications of those measures?

Finance and Public Administration Committee

Budget Scrutiny 2023-24 (United Kingdom Context)

Meeting date: 13 December 2022

Kenneth Gibson

If we have stability in gas prices at a lower level than at present but still higher than before, will that not make other forms of energy such as renewables more competitive, which might open up the market a bit more in the long run?

Finance and Public Administration Committee

Budget Scrutiny 2023-24 (United Kingdom Context)

Meeting date: 13 December 2022

Kenneth Gibson

Just a second—Andy King would like to come in.

Finance and Public Administration Committee

Budget Scrutiny 2023-24 (United Kingdom Context)

Meeting date: 13 December 2022

Kenneth Gibson

I am sorry—I had understood that you wanted to come in at this point.

Finance and Public Administration Committee

Budget Scrutiny 2023-24 (United Kingdom Context)

Meeting date: 13 December 2022

Kenneth Gibson

You only missed five minutes.

Finance and Public Administration Committee

Budget Scrutiny 2023-24 (United Kingdom Context)

Meeting date: 13 December 2022

Kenneth Gibson

I thank the witnesses from the OBR for their comprehensive answers, which are much appreciated. That concludes our public session.

11:15 Meeting continued in private until 11:36.  

Finance and Public Administration Committee

Budget Scrutiny 2023-24 (United Kingdom Context)

Meeting date: 13 December 2022

Kenneth Gibson

Okay. Thank you for that.

Finance and Public Administration Committee

Budget Scrutiny 2023-24 (United Kingdom Context)

Meeting date: 6 December 2022

Kenneth Gibson

Paul Johnson, who is the director of the Institute for Fiscal Studies, said:

“what we are really doing is reaping the costs of a long-term failure to grow the economy, the effects of population ageing, and high levels of past borrowing”.

He concluded by saying:

“we are in for a long, hard, unpleasant journey; a journey that has been made more arduous than it might have been by a series of economic own goals”.

What could the UK Government do differently and what should the Scottish Government do differently, in the view of the IFS?