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 3697 contributions
Finance and Public Administration Committee
Meeting date: 6 December 2022
John Mason
That is very helpful. Thank you.
Finance and Public Administration Committee
Meeting date: 6 December 2022
John Mason
I am still slightly puzzled, but I accept that there is not a clear-cut answer.
Liz Smith asked about the prices of gas and food and what was driving inflation. Can we compare the situation here with that in other countries? Are other countries—western countries, especially—in much the same position? Are there differences in the inflation level in neighbouring or similar countries, or in the reasons for inflation?
Finance and Public Administration Committee
Meeting date: 6 December 2022
John Mason
I am interested in the level of interest rates. At 4 per cent, they are felt to be high at the moment, but they are considerably lower than inflation. If that was to continue in the long term, would everybody not just borrow and make a profit? Are we in an unusual situation at the moment, or could it continue to be the case in the long term that inflation is higher than interest rates?
Finance and Public Administration Committee
Meeting date: 22 November 2022
John Mason
I will stop there.
Finance and Public Administration Committee
Meeting date: 22 November 2022
John Mason
And we are so unsure about the £191.5 million that we cannot put it in at the moment.
Finance and Public Administration Committee
Meeting date: 22 November 2022
John Mason
I know that we have problems this year, but we are not depending on the fiscal review to fix this year’s budget.
Finance and Public Administration Committee
Meeting date: 22 November 2022
John Mason
That was a good estimate, so that is good.
Looking at the current year—2022-23—and the £25 million or whatever it might be, given what Liz Smith has already asked about with regard to how we are a bit uncertain about the timing of the framework review, I am a bit concerned that that is involving the current year’s budget. Presumably, the uncertainty about that figure causes you quite a lot of uncertainty about what you can do this year. I do not know whether there are other figures elsewhere that will be backdated to 1 April, depending on when the spending review is. We might not even know that until next year.
Finance and Public Administration Committee
Meeting date: 22 November 2022
John Mason
I am not sure that it does. I was not going to ask you about that paragraph, but now you have raised it, I will. Can we say that the £25 million is small enough in the scale of things to mean that we can just cope with that? We are looking at other figures, and I do not know whether the £25 million is in the £324 million or whether the £324 million is different.
Finance and Public Administration Committee
Meeting date: 22 November 2022
John Mason
I go back to the technical adjustments and the IFRS 16 adjustments. I understand that operating leases did not used to be on the balance sheet and now will be as both an asset and a liability, so the net effect is nil. Does that have an impact on our borrowing limit of £3 billion?
Finance and Public Administration Committee
Meeting date: 22 November 2022
John Mason
It does not. Will it in the future?