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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 18 January 2026
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Displaying 4176 contributions

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Finance and Public Administration Committee [Draft]

National Performing Companies (Economic Impact)

Meeting date: 13 January 2026

Kenneth Gibson

I will ask a lot more about that, if it is not touched on. After all, it is the nitty-gritty of what the finance committee does.

Finance and Public Administration Committee [Draft]

National Performing Companies (Economic Impact)

Meeting date: 13 January 2026

Kenneth Gibson

Excuse my interrupting, but Michael Marra said that it was magnificent.

Finance and Public Administration Committee [Draft]

Budget Scrutiny 2026-27 (United Kingdom Context)

Meeting date: 13 January 2026

Kenneth Gibson

Four per cent versus quarter of a per cent.

Finance and Public Administration Committee [Draft]

National Performing Companies (Economic Impact)

Meeting date: 13 January 2026

Kenneth Gibson

I can develop a dodgy knee if you can get one of those GPs to prescribe me a couple of tickets. [Laughter.]

Finance and Public Administration Committee [Draft]

National Performing Companies (Economic Impact)

Meeting date: 13 January 2026

Kenneth Gibson

Who wants to go first in winding up? You will all be brought in. Alistair Mackie can go last, because he started, so I will give him the final word, which is only fair.

Finance and Public Administration Committee [Draft]

Budget Scrutiny 2026-27 (United Kingdom Context)

Meeting date: 13 January 2026

Kenneth Gibson

However, the media will jump on it.

Finance and Public Administration Committee [Draft]

Budget Scrutiny 2026-27 (United Kingdom Context)

Meeting date: 13 January 2026

Kenneth Gibson

In paragraph 3.16 of the report, you say:

“Real household disposable income ... is lowered in medium term by the rise in personal tax rises announced in this Budget, which decreases household consumption significantly ... This disincentivises saving”,

and you also have a graph setting out the impact on GDP. The SFC, as I have said, will say, “This tax will nominally bring in £100 million, but because of behavioural change, it will actually bring in £5 million, or £10 million, or £15 million.” Where are we with this tax package? Have you looked at which specific taxes will have the biggest impact on, say, behavioural change? I suppose that the smallest impact will be from those assisting fiscal drag, but which of the other taxes will have the biggest behavioural impact?

Finance and Public Administration Committee [Draft]

National Performing Companies (Economic Impact)

Meeting date: 13 January 2026

Kenneth Gibson

Alex Reedijk is keen to come in.

I went to see a performance of “The Tale o’ Tam o’ Shanter” at St Mary’s primary school in Largs last year, which was supported by Scottish Opera. Not only did about 80 children participate but all the parents and grandparents turned out to see it. It was a joyous occasion.

Finance and Public Administration Committee [Draft]

Budget Scrutiny 2026-27 (United Kingdom Context)

Meeting date: 13 January 2026

Kenneth Gibson

The UK Government is keen to encourage people to move away from cash ISAs and invest in equities instead—there were articles on the subject in The Sunday Times business section and so on. You have devoted quite a bit of your report to looking at the equity market and you have said that, over the next five years, equity prices are predicted to grow from 4,526 points in 2024-25 to 5,915 points in 2030-31—a 31 per cent increase. You have also talked about the potential for a correction—a shock—that could reduce that substantially. The FTSE this morning was at 10,146 points, so it is already massively over your figures—double, essentially. Where are we in that regard? What is the risk and what are the implications?

Finance and Public Administration Committee [Draft]

Budget Scrutiny 2026-27 (United Kingdom Context)

Meeting date: 13 January 2026

Kenneth Gibson

Cheer up a bit—you have not even asked your questions yet.