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 2063 contributions
Economy and Fair Work Committee [Draft]
Meeting date: 17 December 2025
Michelle Thomson
Do you want to add anything, Fraser?
Finance and Public Administration Committee
Meeting date: 16 December 2025
Michelle Thomson
Thank you very much.
Finance and Public Administration Committee
Meeting date: 16 December 2025
Michelle Thomson
Good morning. I have a few wee questions to finish off and take us up to the big picture level. We have seen pretty terrible growth figures. How likely is it that the UK could dip into recession? We have heard the two figures. What are your predictions?
Finance and Public Administration Committee
Meeting date: 16 December 2025
Michelle Thomson
The other area where the jungle drums are carrying on and there is at least a possibility of it happening is in relation to a sovereign debt crisis—which continues to remain a possibility, particularly when we look at debt to GDP ratios. What are your latest reflections on that?
Finance and Public Administration Committee
Meeting date: 16 December 2025
Michelle Thomson
A colleague of mine pointed out that the OBR and the Treasury have assumed that Whitehall departments will have zero underspend in 2028-29, which is completely unrealistic. That was generally picked up on across the board, was it not? Do you have any sense of whether that position is just more smoke and mirrors?
Economy and Fair Work Committee
Meeting date: 10 December 2025
Michelle Thomson
Of course, guidance will also allow lawyers to do what they do best. [Laughter.] There was a lot of laughter there, but I was making no comment on what people think that lawyers do best. I simply meant that it might allow lawyers to interrogate individual scenarios as they emerge to enable the formation of precedent.
Economy and Fair Work Committee
Meeting date: 10 December 2025
Michelle Thomson
Perhaps we could return to the issue of tokenisation, which we have already skirted around and which was led off by Greg McLardie. Last week, we heard evidence from Professor Buchanan, who broadly explained the three types of tokens: payment tokens, utility tokens and security tokens. We can regard carbon credit, for example, as either a utility token or a security token.
My question is bigger than that, though. To what extent is it an issue that the bill is mute on tokenisation, bearing in mind the speed of change in that area? Is the prevailing approach a sensible one? In that case, I suppose that we should bear in mind that modifications will need to be made in relatively short order. Is it better to have something instead of nothing, or is it a serious issue that the bill is mute on tokenisation?
I will put that to Greg first.
Economy and Fair Work Committee
Meeting date: 10 December 2025
Michelle Thomson
Framing the bill in such a way allows for the recognition of that uncertainty, because we are where we are. Thank you very much.
Economy and Fair Work Committee
Meeting date: 10 December 2025
Michelle Thomson
Professor Robbie, what role do you see for guidance on the bill as situations emerge? There will be a sweet spot between taking that sensible approach of framing the bill as a step—to protect the innocents, as Greg McLardie said—and realising that the bill will also need utility in a fast-changing environment. I would appreciate your additional reflections on that.
Economy and Fair Work Committee
Meeting date: 10 December 2025
Michelle Thomson
That was a very positive endorsement.
Professor Schafer, do you want to come in? To what extent does not considering tokenisation create a gap in the bill? Do you concur with Greg’s view?