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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 16 January 2026
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Displaying 3423 contributions

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Finance and Public Administration Committee [Draft]

Budget Scrutiny 2026-27 (United Kingdom Context)

Meeting date: 13 January 2026

John Mason

Is it then a response to demand in the market rather than a Government choice?

Finance and Public Administration Committee [Draft]

Budget Scrutiny 2026-27 (United Kingdom Context)

Meeting date: 13 January 2026

John Mason

So the focus will be on the autumn.

Finance and Public Administration Committee [Draft]

Budget Scrutiny 2026-27 (United Kingdom Context)

Meeting date: 13 January 2026

John Mason

Thanks, convener. I thank the witnesses for their input so far.

Finance and Public Administration Committee [Draft]

Budget Scrutiny 2026-27 (United Kingdom Context)

Meeting date: 13 January 2026

John Mason

You have mentioned inflation, which is the next thing that I was going to ask about. Inflation might go up or down over the next few years, but you are kind of confident—or you expect, I should say—that in the longer term it will drop back a bit. How confident are you? I presume that inflation and earnings are linked. Are we quite confident that they are going to keep coming down? After all, I think that you are saying that inflation has been higher over the past year or two than we were perhaps expecting.

Finance and Public Administration Committee [Draft]

Budget Scrutiny 2026-27 (United Kingdom Context)

Meeting date: 13 January 2026

John Mason

Linked to the debt is the interest. You have made a few points, especially around gilts. If I understand correctly, the Government is selling shorter-term gilts—maturities are shorter term than in the past—which means that the interest rates have gone up from 2.9 per cent to 4.4 per cent, as I think you say in your outlook document. Could you explain what all that means and what the impact is?

Finance and Public Administration Committee [Draft]

Budget Scrutiny 2026-27 (United Kingdom Context)

Meeting date: 13 January 2026

John Mason

I will build on some of the things that have been talked about already. The figures on debt jumped out at me, and you have already talked about that, Mr Josephs. How did we get into the position in which, if my understanding is correct, we now have twice the level of debt of some other advanced economies? You explained how we had Covid and the debt went up, and we had the banking crisis and the debt went up, but those things were worldwide and affected other countries as well.

Finance and Public Administration Committee [Draft]

National Performing Companies (Economic Impact)

Meeting date: 13 January 2026

John Mason

That is still about five times the price of going to the cinema.

Finance and Public Administration Committee [Draft]

Budget Scrutiny 2026-27 (United Kingdom Context)

Meeting date: 13 January 2026

John Mason

That is helpful. Obviously, we are also thinking ahead. If we hit another pandemic or have some other kind of crisis or a war, all of which are possible, can we handle that? We would then be talking about debt going up to 120 per cent of GDP or something. Should we be worried about that? It would obviously affect the Scottish budget as well.

Finance and Public Administration Committee [Draft]

Budget Scrutiny 2026-27 (United Kingdom Context)

Meeting date: 13 January 2026

John Mason

Is there an ideal level of debt, or is that just entirely subjective?

12:00  

Finance and Public Administration Committee [Draft]

National Performing Companies (Economic Impact)

Meeting date: 13 January 2026

John Mason

Following on from Liz Smith, who asked about young people being involved, I wonder about your reach across society—are you reaching into poorer areas and are people from those areas attending performances? I was at the Citizens Theatre in Glasgow recently. None of you was involved in the show that I saw; it was Dundee Rep doing “The Glass Menagerie”. It was very good. However, it struck me that the audience was pretty middle class and educated. The Citizens is meant to be the theatre in Glasgow that attracts a wide range of people.

Mr Roth, your area is perhaps seen as quite niche. Do you get a wide range of audiences?

10:00