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
Meeting date: 15 December 2021
Michelle Thomson
On that point, there have been a few mentions of innovation in supply chain materials that will help us to meet our net zero targets. I suspect that that kind of innovation is of great interest to the committee.
Staying on the issue of finances, we all appreciate how important innovation is. Do you anticipate access to finance for such innovation presenting any problems? Are you seeing that? Is it difficult to access the capital?
Economy and Fair Work Committee
Meeting date: 15 December 2021
Michelle Thomson
Does Iain Bomphray have any final comments before we move on?
Economy and Fair Work Committee
Meeting date: 15 December 2021
Michelle Thomson
Could Keith Ridgway and Iain Bomphray answer the question, too?
Finance and Public Administration Committee
Meeting date: 14 December 2021
Michelle Thomson
My last wee question is about behavioural elements. You talk about the Scottish Parliament taking a risk. If I was running a business, there is no way that I would run it in this way. How does that affect behaviour? That is probably my last question before the convener closes me down, and rightly so.
Finance and Public Administration Committee
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
Meeting date: 14 December 2021
Michelle Thomson
I have one last wee question.
Finance and Public Administration Committee
Meeting date: 14 December 2021
Michelle Thomson
Does risk diminish the appetite for change? Does taking a risk with differential tax policies inhibit behaviour?
Finance and Public Administration Committee
Meeting date: 14 December 2021
Michelle Thomson
I have another small question. Mention has been made of demographics and the anticipated reduction in immigration. I appreciate that Alasdair Smith said that the demographic situation had much bigger implications than the reduction in immigration, but from your modelling, do you have any sense of the reduction in tax take from the reduction in immigration? I think that Dame Susan Rice mentioned a figure of 50,000. What does that cost the Government in tax take? I do not know whether you model that or whether you just have basic numbers. I am not sure who would be best placed to answer that.
Finance and Public Administration Committee
Meeting date: 14 December 2021
Michelle Thomson
A lot of the levers that you might choose to use reside at UK level. Those include macroeconomic policy, a bunch of taxes, borrowing—which Scotland cannot do—and immigration. When you look at the current Scottish budget, is it your assessment that the Scottish Government is doing the best that it can with fairly limited fiscal levers? I do not want to put words in your mouth—I am not trying to do that. You can put your own words to it. I am asking the question because this committee and the Economy and Fair Work Committee have consistently agreed that, post-2008 and post-Covid, radical policy choices are required, yet this meeting has brought out the limitations on the Scottish Government when it comes to macroeconomic policy and levers.
This links back to the idea of asking what I would be doing if this were me. No matter what I thought of, we cannot do it. We cannot do any of the radical things that I thought of. You are both experts and I am merely a committee member. I would appreciate your thoughts.
Finance and Public Administration Committee
Meeting date: 14 December 2021
Michelle Thomson
If you are looking for optimism, you have possibly come to the wrong place, convener.
We have covered an awful lot of what I wanted to explore. Sometimes, politicians play the game of thinking, “If it were me, what would I do?” I have been thinking about lots of things. For example, we could make all of Scotland a free trade zone but, oh no, we cannot do that. We could attract lots more entrepreneurs into Scotland, to go back to the digital line, but, oh no, we cannot do that. We could pick up on George Osborne’s old phrase about the “march of the makers” but, as the convener pointed out, there has been a 9.7 per cent cut in capital expenditure.
Having said that, I accept Graeme Roy’s comments about public sector consolidation and focusing on key sectors and the move away from oil and gas. One thing that this session has been very good for is looking at the wider perspective. Graeme Roy talked about structural issues. I do not think that we have talked about those enough in the committee. How are the structural issues in the UK economy holding Scotland back? I fully accept that there are structural issues in the Scottish economy but, looking at the macro picture, how are UK structural issues holding Scotland back?
I am looking at you, Graeme.