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 2163 contributions
Finance and Public Administration Committee
Meeting date: 10 January 2023
Douglas Lumsden
That would helpful, even if it was an estimate for the new roll.
Finance and Public Administration Committee
Meeting date: 13 December 2022
Douglas Lumsden
Right, okay—that explains a lot. Thank you.
Finance and Public Administration Committee
Meeting date: 13 December 2022
Douglas Lumsden
I have a question about negative inflation, which we are due to have by the middle of the decade. Should that be universally welcomed, or does it provide any risks to the Scottish economy?
Finance and Public Administration Committee
Meeting date: 13 December 2022
Douglas Lumsden
So most of that £40 billion is due to inflation, which is really a global factor anyway. Is that correct?
Finance and Public Administration Committee
Meeting date: 13 December 2022
Douglas Lumsden
Would you expect interest rates to come back down as quickly as that?
Finance and Public Administration Committee
Meeting date: 13 December 2022
Douglas Lumsden
We would also expect wage inflation to come down to almost zero, which might well have an impact on the forecast for income tax take.
Finance and Public Administration Committee
Meeting date: 13 December 2022
Douglas Lumsden
Thank you.
Richard Hughes, you said that fiscal policy changes over the past six months will have added £40 billion of borrowing by 2027-28. Will you give us a breakdown of what has caused that? Is it due to the Bank of England having to step in on the bond market? Is it because of policy decisions such as the energy price guarantee? What is behind that rise?
Finance and Public Administration Committee
Meeting date: 6 December 2022
Douglas Lumsden
My second question is about the energy price cap, which is quite an expensive scheme for the Government to run. Are there equivalent schemes in other parts of the world?
Finance and Public Administration Committee
Meeting date: 6 December 2022
Douglas Lumsden
Yes, that would be helpful.
Finance and Public Administration Committee
Meeting date: 6 December 2022
Douglas Lumsden
House prices are starting to fall. What impact will that have on the UK economy and the Scottish budget? Will there just be a reduction in land and buildings transaction tax revenue, or will there be a block grant adjustment around that? Where do you see things going?