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Chamber and committees

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 27 January 2026
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Displaying 1955 contributions

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Finance and Public Administration Committee

Budget Scrutiny 2022-23

Meeting date: 14 December 2021

Michelle Thomson

I am trying to work out the cost to the tax take of the Scottish Government of the reduction of up to 50,000 immigrants. I do not know anything about the nature of how much tax they paid or whether you would average it. I want to get a sense of the cost of that in budgetary terms.

Finance and Public Administration Committee

Budget Scrutiny 2022-23

Meeting date: 14 December 2021

Michelle Thomson

I have one last wee question.

Finance and Public Administration Committee

Budget Scrutiny 2022-23

Meeting date: 14 December 2021

Michelle Thomson

There will be economic outcomes, so the two are linked.

Finance and Public Administration Committee

Budget Scrutiny 2022-23

Meeting date: 14 December 2021

Michelle Thomson

Good morning. I want to go right back to where we started, Professor Breedon. I could not quite hear your answer on what, specifically, was contained within the £620 million other income. I heard “spillovers” and “underspends”, but I could not hear what you said.

What estimates have you included and at what levels? I suspect that we will also want to probe the Scottish Government about what is included in that amount. If you do not mind, I ask you to run through that. In particular, I am also interested in whether and how you have factored the health and social care levy into your projections and whether you estimate that the Scottish Government has done the same. I understand that the Treasury says that the levy is in the figures, but I do not have a tangible sense of at what level in the budget.

Finance and Public Administration Committee

Budget Scrutiny 2022-23

Meeting date: 14 December 2021

Michelle Thomson

I sense that you are laughing. I apologise if that was an unfair question but we will follow it up with the Cabinet Secretary for Finance and the Economy. My understanding is that the UK Treasury says that the health and social care levy is included in Barnett consequentials but we do not have a sense of the exact amount. Is that correct and is it the assumption that you make?

Economy and Fair Work Committee

Scotland’s Supply Chain

Meeting date: 8 December 2021

Michelle Thomson

There is a lot of food for thought in all that.

Economy and Fair Work Committee

Scotland’s Supply Chain

Meeting date: 8 December 2021

Michelle Thomson

You are talking about patient capital.

Economy and Fair Work Committee

Scotland’s Supply Chain

Meeting date: 8 December 2021

Michelle Thomson

I want to touch on an area that I am amazed has not come up so far—funding and financing. You have given a very articulate description of where you are, but I want to explore a wee bit more how the constraints on resources are affecting your margins, in terms of both your individual businesses and the sector in which you operate, given that many small businesses are already highly debt laden, whether through the coronavirus business interruption loan scheme, the bounce back loan scheme or whatever.

I will also ask about the financing of innovation. Often, SMEs drive innovation, but innovation is perceived to be inherently more risky because it does not have a long-term record. What are your thoughts about how that is financed? I am thinking about all types of finance—not just public sector finance.

What is the general sense of where we are? There are a number of questions. Where are we now? What will we see coming through with small businesses? How many have you seen going to the wall? What about innovation in the sector and financing for that?

I saw Bill Ireland look at me, so he might as well go first.

Economy and Fair Work Committee

Scotland’s Supply Chain

Meeting date: 8 December 2021

Michelle Thomson

Is the fundraising from private equity?

Economy and Fair Work Committee

Scotland’s Supply Chain

Meeting date: 8 December 2021

Michelle Thomson

Does that apply to banks, as well?