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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 13 September 2025
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Displaying 1244 contributions

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Finance and Public Administration Committee

Scottish Fiscal Commission (Economic and Fiscal Forecasts)

Meeting date: 31 August 2021

Liz Smith

There have been a lot of interesting articles and debates recently about the play between inflation and economic growth, following one of the interesting comments that the governor of the Bank of England made a couple of weeks ago. In your overview of the Scottish economy, are there areas that you think have good potential for relatively quick economic growth? In terms of tax revenue coming in, what areas could be helpful for the Scottish economy and Scottish budget?

Finance and Public Administration Committee

Cabinet Secretary for Finance and the Economy

Meeting date: 31 August 2021

Liz Smith

Yes—it is interesting that you say that, because it is contrary to some of the reports that we were getting. As Cabinet Secretary for Finance and the Economy, do you feel that there is a strong commitment from the Scottish Government that the announced infrastructure projects will go ahead? Business and industry consider those commitments extremely important, particularly with regard to connectivity and accessibility.

As you know, we have had a huge fuss—nothing to do with the Scottish Government—about ScotRail’s commitments to changing services, and people are anxious about the lack of connectivity and increased journey times. The projects to which the SNP had committed were trying to address some of those connectivity issues. Can you give a commitment that those projects will go ahead? They are obviously extremely important to Scotland.

Finance and Public Administration Committee

Scottish Fiscal Commission (Economic and Fiscal Forecasts)

Meeting date: 31 August 2021

Liz Smith

Notwithstanding the better news that you published last week, when you said that you felt that the scarring to the economy was not as bad as had originally been anticipated, you also said that there are significant risks ahead. You have said that that is partly due to the difficulty in predicting future consumer and business behaviour. All of that is tied to the significant pressures on the budget. Public spending and public sector debt are rising, and tax receipts are likely to fall because some businesses are failing.

It is not your job to hint at Government policy, but can you tell the committee where you see the most significant future risks to the economy?

Finance and Public Administration Committee

Interests

Meeting date: 22 June 2021

Liz Smith

I have no relevant interests to declare.