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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 September 2025
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Displaying 1696 contributions

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Economy and Fair Work Committee

Scotland’s Economic Outlook

Meeting date: 14 December 2022

Claire Baker

Our next item of business is an evidence session on Scotland’s economic outlook. The purpose of today’s session is to consider the key economic trends that our economy faces and to look towards the challenges of 2023. We will have further sessions on this before the end of the parliamentary year.

I welcome Professor Jagjit Chadha, director of the National Institute of Economic and Social Research; Emma Congreve, deputy director of the Fraser of Allander Institute; and Susan Murray, director of the David Hume Institute.

As always, if members and witnesses keep their questions and answers as concise as possible, we will get through a lot of questions and business.

I will start by asking the witnesses about inflation. This morning, we had the news that inflation has dropped slightly from where it was last month. A few weeks ago, the committee took evidence from the hospitality sector that the inflation rate is having a huge impact on many areas of the economy and on hospitality, in particular. Although there has been a slight decrease in the inflation rate, it is anticipated that it will come down to about 7 per cent next year. When will that have a positive impact on businesses? Is it likely to start to make those sectors that are under huge cost pressures more affordable? When is that likely to happen?

I will ask Professor Chadha to give an overview of the situation at United Kingdom level. That would be helpful.

Economy and Fair Work Committee

Scotland’s Economic Outlook

Meeting date: 14 December 2022

Claire Baker

Emma Congreve, would you like to talk about the Fraser of Allander Institute’s work on the impact of inflation on the Scottish economy and how pressure on sectors such as hospitality can be relieved?

Economy and Fair Work Committee

Scotland’s Economic Outlook

Meeting date: 14 December 2022

Claire Baker

It is fine, Susan. Broadcasting will sort it out. Go ahead.

Economy and Fair Work Committee

Scotland’s Economic Outlook

Meeting date: 14 December 2022

Claire Baker

I recognise that none of the panel members is an expert in energy but, if they wish to answer the question in broader terms, they should go ahead.

Economy and Fair Work Committee

Scotland’s Economic Outlook

Meeting date: 14 December 2022

Claire Baker

We have gone beyond the time that we had estimated. If the witnesses are happy to continue for 10 minutes or so, I will bring in Michelle Thomson. I understand that Professor Chadha wants to come back in on the questions from John Mason—Professor Chadha, you can add that to the response to Michelle, if you wish.

Economy and Fair Work Committee

Just Transition

Meeting date: 7 December 2022

Claire Baker

I think you said that the energy plan is due soon. That plan has been delayed. It may not be your responsibility to answer on this, but there have been concerns that, so far, plans have been quite high-level and strategic when we need to see more detailed delivery plans. Do you know when the energy plan is due and the extent to which it will deal with delivery?

You talked about publishing plans in the spring that will go through a co-production phase. How long do you anticipate that phase lasting? The committee is looking at a 2045 target date. We understand the importance of strategies and plans, but we need to see action plans that will lead to delivery and create significant progress. What is the energy plan likely to look like and, once we get to next spring, how long will the co-design phase take before we can see delivery on the ground?

Economy and Fair Work Committee

Just Transition

Meeting date: 7 December 2022

Claire Baker

Before I bring in Michelle Thomson with questions on finance, I will go back to Fiona Hyslop’s question about your role in the Government. As part of the conversations that you have with other cabinet secretaries and ministers, do you set expectations with regard to where you expect to see progress or do you have an idea of areas that should be prioritised? Is it your role to set some of those parameters and to encourage that kind of activity?

Economy and Fair Work Committee

Just Transition

Meeting date: 7 December 2022

Claire Baker

In terms of finance, we have Scottish Enterprise, which is our main enterprise agency, and the Scottish National Investment Bank, which was set up with a focus on renewables. Can you say a bit about what those agencies are doing in terms of drawing in finance to Scotland? Has there been a re-profiling of priorities? To what extent is the issue a priority for Scottish Enterprise?

Economy and Fair Work Committee

Just Transition

Meeting date: 7 December 2022

Claire Baker

It is helpful that the commission will give advice. Do you also anticipate it having a scrutiny role?

Economy and Fair Work Committee

Just Transition

Meeting date: 7 December 2022

Claire Baker

Minister, we had indicated that it would be an 11 o’clock finish. Are you happy to stay and answer a couple of other questions?