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Parliament dissolved ahead of election

The Scottish Parliament is now dissolved ahead of the election on Thursday 7 May 2026.

During dissolution, there are no MSPs and no parliamentary business can take place.

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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. Session 6: 13 May 2021 to 8 April 2026
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Displaying 4778 contributions

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Finance and Public Administration Committee

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

Budget Scrutiny 2026-27 (United Kingdom Context)

Meeting date: 13 January 2026

Kenneth Gibson

I have a couple more questions on issues that we have not touched on. One is about the increase in tax on property income and savings income by 2 percentage points at the basic, higher and additional rates from April next year. The budget says that the UK Government intends to

“engage with the devolved governments of Scotland and Wales to provide them with the ability to set property income rates in line with their current income tax powers in their fiscal frameworks.”

In its reaction blog on the UK budget, the Scottish Parliament information centre said:

“Once the Scottish Parliament has the powers to set income tax rates to property, it will presumably face a choice between at least matching the rates for England, or accepting a block grant adjustment which will reduce funding for the Scottish Budget.”

What are the implications of that policy for savers, those letting out properties and tenants?

Finance and Public Administration Committee

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

National Performing Companies (Economic Impact)

Meeting date: 13 January 2026

Kenneth Gibson

No one has asked to come in as yet, so I will ask a couple more questions. [Interruption.] Your name was not down to come in here.

Finance and Public Administration Committee

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

National Performing Companies (Economic Impact)

Meeting date: 13 January 2026

Kenneth Gibson

We will let Alex Reedijk come in.

Finance and Public Administration Committee

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

Budget Scrutiny 2026-27 (United Kingdom Context)

Meeting date: 13 January 2026

Kenneth Gibson

Four per cent, you said—

Finance and Public Administration Committee

Budget Scrutiny 2026-27 (United Kingdom Context)

Meeting date: 13 January 2026

Kenneth Gibson

Indeed.

Finance and Public Administration Committee

Budget Scrutiny 2026-27 (United Kingdom Context)

Meeting date: 13 January 2026

Kenneth Gibson

Thank you very much for your evidence this morning. It has been very helpful to the committee. Just before we wind up, Tom, are there any further comments that you want to make? Is there anything that we should have touched on but did not that you want to emphasise?