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 [Draft]
Meeting date: 16 December 2025
Kenneth Gibson
It has been cheaper per kilometre for the Faroe Islands to build tunnels under the sea than it has been for the UK to build roads on the ground.
Finance and Public Administration Committee [Draft]
Meeting date: 16 December 2025
Kenneth Gibson
One considers whether there are suspicions of a cartel in operation and so on. I am sure that, if this was the economy committee rather than the finance committee, we would consider that if we had the time to do so.
Thank you very much for your contribution today. We have gone over time by more than half an hour, which is because of the interesting responses that you have given to our many questions. I also want to thank you, David, for coming all the way up here in person. It really does make a difference to scrutiny having someone giving evidence in person rather than online. Everyone in the committee feels that: it has made a difference. Thank you very much and all the best for Christmas and the new year to you.
Finance and Public Administration Committee [Draft]
Meeting date: 16 December 2025
Kenneth Gibson
The Gaelic is Nollaig chridheil—but I do not know if I am pronouncing that correctly. Thank you very much.
Just before we wind up the public part of the meeting, I want to put something on record. I am sad to say that this is Ross Greer’s last meeting as a member of the Finance and Public Administration Committee. He has been a very valued member of the committee for the past four and a half years. I appreciate that he is the Scottish Green Party’s co-leader and that he has a heavy burden, serving on two committees. He has decided to sacrifice his membership of the best committee in the Parliament, i.e. FPAC. You will be missed, Ross. All the best for the new year—with your lighter load.
Finance and Public Administration Committee [Draft]
Meeting date: 16 December 2025
Kenneth Gibson
That might be a further incentive for banks, for example, to leave high streets—not that they seem to need much of an incentive at the moment.
Finance and Public Administration Committee [Draft]
Meeting date: 16 December 2025
Kenneth Gibson
There is a £20 million loss to the Scottish budget, potentially.
Finance and Public Administration Committee [Draft]
Meeting date: 16 December 2025
Kenneth Gibson
One of the issues that has created a lot of heat but not much light in Scotland is the energy profits levy. The UK Government plans to replace the levy with a permanent oil and gas profits mechanism. How would that work?
Finance and Public Administration Committee [Draft]
Meeting date: 16 December 2025
Kenneth Gibson
Yes, I notice that debt as a share of GDP is still expected to grow from 95 per cent this year to 96 per cent by 2030-31.
When it comes to reform, the IFS has said:
“A range of … tax increases—on pension contributions, unearned income, business investments and capital gains—weaken incentives to save and invest”,
adding that
“The Chancellor continues to show no real appetite for using tax reform to boost growth.”
Finance and Public Administration Committee [Draft]
Meeting date: 16 December 2025
Kenneth Gibson
Definitely.
The IFS director, Helen Miller, described the budget as a
“borrow-to-spend budget in the short term, and a combination of a tax-and-spend and tax-and-bank-it budget in the medium term”.
What did she mean by that?
Finance and Public Administration Committee [Draft]
Meeting date: 16 December 2025
Kenneth Gibson
There is quite a cynical comment in the IFS blog that
“One could be forgiven for treating”
a hair-shirt approach just before an election
“with a healthy dose of scepticism.”
Finance and Public Administration Committee [Draft]
Meeting date: 16 December 2025
Kenneth Gibson
In the IFS blog, you say that, as the medium-term financial strategy and the Scottish Fiscal Commission make clear,
“current forecasts for the contribution of devolved tax revenues to the Scottish Budget are likely optimistic, as they assume earnings grow significantly faster in Scotland than in the rest of the UK from 2026–27 onwards. All else equal, if earnings instead grew at the same rate as in the rest of the UK, the ‘funding gap’ for day-to-day spending”
in Scotland
“would be closer to £3.5 billion.”
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