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: 12 December 2023
Liz Smith
Good morning. I want to ask you about a comment that your colleague Paul Johnson made, which was that he felt that Mr Hunt was on course—just “on course”—to meet what he described as
“his (poorly designed) fiscal rule”.
What do you feel is “poorly designed” about it, and what would you like to see instead?
Finance and Public Administration Committee
Meeting date: 12 December 2023
Liz Smith
Thank you for that. Therefore, there is a problem with regard to the timescale but you also feel that it is not sufficiently diverse in its targets—it is too tight. Is that what you are saying?
Finance and Public Administration Committee
Meeting date: 12 December 2023
Liz Smith
I will come on to inactivity in a minute. On unemployment, are there trends suggesting that there are different parts of the UK where the threat of rising unemployment is worse, or is it too early to tell?
Finance and Public Administration Committee
Meeting date: 12 December 2023
Liz Smith
Thank you, that is helpful.
Inactivity is another critical issue for the future of the economy. The Chancellor of the Exchequer has tried various measures—some of them a bit more successful than others—to ensure that inactivity is reduced, which is critical to productivity. Do you see any trends in the different age structures that suggest where people are more likely to come back into the labour market? Could you expand on that a wee bit?
Finance and Public Administration Committee
Meeting date: 12 December 2023
Liz Smith
Is early retirement a big factor in that?
Finance and Public Administration Committee
Meeting date: 12 December 2023
Liz Smith
It is all a very inexact science; I completely appreciate that, and I know how difficult it is because of the time periods. However, it would be helpful if the accuracy of the forecasting improved; it is critical for Governments to be able to make the right decisions. I am interested to know your views about how we can try to continue to improve forecasting.
Finance and Public Administration Committee
Meeting date: 12 December 2023
Liz Smith
That is very helpful, because I think that that is about factors other than those in the current set-up.
I asked the OBR witnesses this morning where they feel we have the greatest challenge when it comes to productivity, in terms of unemployment and the participation rate. I would also like to ask you whether you detect, in the slight increase that is forecast for unemployment, that that will happen on a UK basis, or are there particular aspects that mean that unemployment in some parts of the UK is rising faster than it is in others, and that different sectors are showing different trends?
Finance and Public Administration Committee
Meeting date: 5 December 2023
Liz Smith
Will you work with the Scottish Fiscal Commission on that data?
Finance and Public Administration Committee
Meeting date: 5 December 2023
Liz Smith
Obviously, that will be essential, as it has been with the two existing taxes. It will also be very helpful to us.
Finance and Public Administration Committee
Meeting date: 5 December 2023
Liz Smith
Given that SEPA is not able to provide that, are you likely to have to train up individuals specifically to have those skills, if they have to go out to quarries or wherever?