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: 31 August 2021
John Mason
I appreciate that. It is an important issue. I lived through a time of higher inflation some years ago, and it concerns me very much.
The SFC was also more positive about the long-term scarring effect of Covid. It had thought that the effect would be greater—it thought that the figure would be about 3 per cent of the economy, but it now says that it will be 2 per cent. Do you recognise and agree with those figures?
Finance and Public Administration Committee
Meeting date: 31 August 2021
John Mason
The SFC also made the point about different sectors recovering in different ways.
The SFC was slightly more negative about non-domestic rates. Its forecasts are lower than they were in January, showing that revenue from non-domestic rates will be £27 million lower this year, and £34 million then £48 million lower going forward. Is that inevitable? Is that just a result of Covid?
Finance and Public Administration Committee
Meeting date: 31 August 2021
John Mason
I am totally in favour of having a more generous social security system than that in the UK, but it will come at a cost. No matter whether we are independent, it will, to some extent, be demand led. Is it right to say, therefore, that it will be something that will always have to be managed?
Finance and Public Administration Committee
Meeting date: 31 August 2021
John Mason
One of the subjects that we talked about quite a lot with the Scottish Fiscal Commission was inflation. The commission now seems to be following the more recent Bank of England projection of 2.5 per cent, falling from the present 4 per cent. The commission seemed reasonably relaxed about inflation, in that, if we had to pay out more, we would get more in by way of tax and so on. Are you relaxed about inflation, and is it a concern for you and for the budgets?
Finance and Public Administration Committee
Meeting date: 31 August 2021
John Mason
Presumably, the birth rate will not change very rapidly, but things could change on the immigration side. There is demand from industry for immigration to be allowed for specific sectors, although the UK Government has said that it will not do that. How important would that be? If immigration were suddenly to be allowed, would that make a big difference to the forecasts?
Finance and Public Administration Committee
Meeting date: 31 August 2021
John Mason
I was interested that page 33 of my copy of your report—I am not sure whether it is the same page 33 for everyone—shows box 3.1, on uncertainty indicators, which I understand are a new measure that you are trying. I was fascinated by that and I wonder whether somebody will explain what that tells us.
10:15Finance and Public Administration Committee
Meeting date: 31 August 2021
John Mason
I will ask about an area that has come up before. Are you getting the data that you need, with the quality that you need, from Scottish sources and the UK HM Revenue and Customs?
Finance and Public Administration Committee
Meeting date: 31 August 2021
John Mason
How objective is the index? We do not all have faith in how newspapers operate.
Finance and Public Administration Committee
Meeting date: 31 August 2021
John Mason
As inflation has been mentioned a few times already, I do not want to spend a lot of time on it. However, as I understand it, you follow the Bank of England instead of the OBR on this matter, mainly because its forecasts are more recent. If inflation is at 4 per cent just now, how confident are we that it will fall to 2.5 per cent? If pressures such as shortage of labour were to continue in the longer term, would inflation continue to be higher in the longer term, too? Being of a slightly older generation, I remember inflation at 15 per cent, so 4 per cent seems reasonably low to me, but compared with recent years it is relatively high. Do you have any thoughts on that?
COVID-19 Recovery Committee
Meeting date: 23 June 2021
John Mason
I echo what Murdo Fraser said about other committees. I am a little unclear about where our remit ends and those of other committees start. I am also a member of the Finance and Public Administration Committee, which will look at the budget impact of Covid; I assume that the Economy and Fair Work Committee and the Health, Social Care and Sport Committee will also look at Covid.
I assume that we will look at all the stuff—such as the vaccination programme and new variants—that the previous COVID-19 Committee covered. We hope that nothing will happen in July or August but, if a new variant appeared or the vaccination programme was delayed, could our committee meet in the recess if it needed to because of exceptional circumstances? I would be happy for the convener and the deputy convener to decide on that. That is my only question.
I very much support the holding of a planning or business day, for which I hope that we could meet in person. That would help the committee and allow us to throw ideas around and do brainstorming. It would be good to do that at the end of August.