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 1485 contributions
Finance and Public Administration Committee
Meeting date: 31 August 2021
Liz Smith
However, are there things that would perhaps reduce uncertainty and help you to plan ahead with regard to forecasting?
Finance and Public Administration Committee
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
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
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
Meeting date: 22 June 2021
Liz Smith
I have no relevant interests to declare.