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 3697 contributions
Finance and Public Administration Committee
Meeting date: 20 December 2023
John Mason
I understand that. Thank you.
Finance and Public Administration Committee
Meeting date: 20 December 2023
John Mason
But you are going to be subject to the public sector equality duty at some point.
Finance and Public Administration Committee
Meeting date: 20 December 2023
John Mason
That is great. Thank you.
Finance and Public Administration Committee
Meeting date: 12 December 2023
John Mason
On the positive side, if companies have more modern machinery, that should help their productivity. However, is there not also a risk that they might invest for the sake of it, to get their tax bills down, and so make poor investments?
Finance and Public Administration Committee
Meeting date: 12 December 2023
John Mason
On the question of forecasting accuracy, I think that in March the forecast for debt interest was £94 billion and it is now £116 billion, which is quite a change. Is that one of the most difficult forecasts to pin down?
Finance and Public Administration Committee
Meeting date: 12 December 2023
John Mason
Would there be any impact on research and development, or is that pretty well written off as it happens anyway?
Finance and Public Administration Committee
Meeting date: 12 December 2023
John Mason
You have got a lot of faith in the market, which maybe I do not entirely share. Is that not the same as following the bookies, which is to do with what is popular rather than what you are expecting.
Finance and Public Administration Committee
Meeting date: 12 December 2023
John Mason
That is great—thank you.
Finance and Public Administration Committee
Meeting date: 12 December 2023
John Mason
I will ask you some of the same questions that I asked the first panel, so if you were watching, you will know what they will be.
My first question is on debt interest. I think that it was in March that the OBR forecast debt interest to be £94 billion. Now, it is saying that the figure will be £116 billion for 2023-24. When I asked the witnesses from the OBR about that, they just said that they follow the markets and that that is what the markets said. Should the OBR be able to forecast a bit more accurately on a figure like that?
Finance and Public Administration Committee
Meeting date: 12 December 2023
John Mason
Is there any backdating? Does revising the GDP deflator have any practical effect?