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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 10 March 2026
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Displaying 4689 contributions

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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.

Finance and Public Administration Committee [Draft]

National Performing Companies (Economic Impact)

Meeting date: 13 January 2026

Kenneth Gibson

We will let Alex Reedijk come in.

Finance and Public Administration Committee [Draft]

Budget Scrutiny 2026-27 (United Kingdom Context)

Meeting date: 13 January 2026

Kenneth Gibson

With that, I call an end to this meeting. Thank you very much, everyone, for your contributions.

Meeting closed at 12:41.  

Finance and Public Administration Committee [Draft]

Budget Scrutiny 2026-27 (United Kingdom Context)

Meeting date: 13 January 2026

Kenneth Gibson

Of course.

Finance and Public Administration Committee [Draft]

Budget Scrutiny 2026-27 (United Kingdom Context)

Meeting date: 13 January 2026

Kenneth Gibson

The impact of that could be tens of millions of pounds.

Finance and Public Administration Committee [Draft]

Budget Scrutiny 2026-27 (United Kingdom Context)

Meeting date: 13 January 2026

Kenneth Gibson

Your October 2024 EFO report predicted 50,000 job losses. Do you still think that that is accurate, despite what the hospitality sector is saying about the impact on it? That is an impact on just that one sector, incidentally.

Finance and Public Administration Committee [Draft]

Budget Scrutiny 2026-27 (United Kingdom Context)

Meeting date: 13 January 2026

Kenneth Gibson

In terms of capital, you say in paragraph 2.49 of your report that a

“relatively high cost of capital and a weak rate of return together generate a modest decline in investment as a share of GDP over the forecast”.

You go on to say:

“the cost of capital has risen over recent years ... and the real return on capital is at a historically low level. Investment intentions and business confidence also remain subdued.”

What do you perceive to be the impact on growth of that?

Finance and Public Administration Committee [Draft]

Budget Scrutiny 2026-27 (United Kingdom Context)

Meeting date: 13 January 2026

Kenneth Gibson

We are talking about special educational needs and disabilities potentially absorbing 4.9 per cent or £6 billion of the education budget down south. Am I right?