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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 1 November 2025
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Displaying 3168 contributions

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Finance and Public Administration Committee

Budget Scrutiny 2023-24 (United Kingdom Context)

Meeting date: 6 December 2022

John Mason

I am still slightly puzzled, but I accept that there is not a clear-cut answer.

Liz Smith asked about the prices of gas and food and what was driving inflation. Can we compare the situation here with that in other countries? Are other countries—western countries, especially—in much the same position? Are there differences in the inflation level in neighbouring or similar countries, or in the reasons for inflation?

Finance and Public Administration Committee

Budget Scrutiny 2023-24 (United Kingdom Context)

Meeting date: 6 December 2022

John Mason

I am interested in the level of interest rates. At 4 per cent, they are felt to be high at the moment, but they are considerably lower than inflation. If that was to continue in the long term, would everybody not just borrow and make a profit? Are we in an unusual situation at the moment, or could it continue to be the case in the long term that inflation is higher than interest rates?

Finance and Public Administration Committee

Budget Scrutiny 2023-24 (United Kingdom Context)

Meeting date: 6 December 2022

John Mason

My understanding is that the OBR’s forecasts assume quite a big increase in fuel duty next April. The suggestion was that, if that does not go ahead, there could be a £6 billion hole in the UK Government’s finances. Can you say anything about that?

Finance and Public Administration Committee

Budget Scrutiny 2023-24 (United Kingdom Context)

Meeting date: 6 December 2022

John Mason

That is very helpful. Thank you.

Finance and Public Administration Committee

Subordinate Legislation

Meeting date: 22 November 2022

John Mason

I go back to the technical adjustments and the IFRS 16 adjustments. I understand that operating leases did not used to be on the balance sheet and now will be as both an asset and a liability, so the net effect is nil. Does that have an impact on our borrowing limit of £3 billion?

Finance and Public Administration Committee

Subordinate Legislation

Meeting date: 22 November 2022

John Mason

It does not. Will it in the future?

Finance and Public Administration Committee

Subordinate Legislation

Meeting date: 22 November 2022

John Mason

So, there is no effect, and I am correct in saying that that issue is, effectively, looked after by the Treasury at Westminster and does not impact on us at all, as it stands.

Finance and Public Administration Committee

Subordinate Legislation

Meeting date: 22 November 2022

John Mason

Right. I am still toiling a wee bit, but, anyway, I will keep going. That £20.7 million is part of a total of £223.9 million that is included as savings in the ABR at the bottom of that table. After that, paragraph 51 states that there is a balance of £191.5 million. What is the difference between those two columns—the one that shows a total of £223.9 million and the one that shows a total of £191.5 million?

Finance and Public Administration Committee

Subordinate Legislation

Meeting date: 22 November 2022

John Mason

Okay. There is a degree of uncertainty around that column, and it could be that a department that looks like it is overspending manages to catch up over the next few months. That would be good news, I guess.

Paragraph 53 says:

“The EBR process identified approximately £615 million of additional options for spending reductions”.

So, those are not definite. That suggests that there is a degree of uncertainty around that figure.

Finance and Public Administration Committee

Subordinate Legislation

Meeting date: 22 November 2022

John Mason

Right. The final area that I wanted to ask about was the question of the spillover dispute with the UK Government. I know that that is a debate that has been going on for some time. I think that we have a figure of £375 million now: is that what the Scottish Government was expecting. Is it more or less?