Question reference: S5O-00458
- Asked by: Ash Regan, MSP for Edinburgh Eastern, Scottish National Party
- Date lodged: 30 November 2016
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Current status: Answered by Keith Brown on 8 December 2016
Question
To ask the Scottish Government what analysis it has carried out of the impact on Scotland's economy of the Institute for Fiscal Studies findings that suggest that Brexit could result in 13 years without growth in real wages.
Answer
The Scottish Government was disappointed by the Chancellor’s Autumn Statement and lack of measures to help households given the deterioration in the economic and fiscal outlook, primarily due to the UK Government's decision to leave the EU.
As the Institute for Fiscal Studies highlights, this will result in lower nominal wage growth and higher inflation resulting in a weaker outlook for real wages and living standards compared to March.