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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
  7. Current session: 14 May 2026 to 9 November 2026
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Displaying 92 contributions

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Economy, Tourism and Energy Committee [Draft]

Pre-budget Scrutiny 2027-28

Meeting date: 6 October 2026

Rachael Hamilton

I could not find the information.

Economy, Tourism and Energy Committee [Draft]

Pre-budget Scrutiny 2027-28

Meeting date: 6 October 2026

Rachael Hamilton

I know the Scottish Borders very well. It remains a low-wage economy, particularly for women, and rural areas are falling behind the urban belt on wage growth. Based on the national average, women earn significantly less than men, and I assume that that is the case in the Highlands and Islands as well as in the Borders. What are your agencies doing to tackle low wages for women?

Economy, Tourism and Energy Committee [Draft]

Pre-budget Scrutiny 2027-28

Meeting date: 6 October 2026

Rachael Hamilton

Finally, my interpretation of your comments is that, eventually, you do not want to receive support from the Government. You want to be almost a stand-alone bank. However, Sir John Elvidge has talked about the uncertainty that there could be beyond 2030, and investors and co-investors might be put off by the prospect and not commit right now. Could you comment on that?

Economy, Tourism and Energy Committee [Draft]

Pre-budget Scrutiny 2027-28

Meeting date: 6 October 2026

Rachael Hamilton

Investment in business.

Economy, Tourism and Energy Committee [Draft]

Pre-budget Scrutiny 2027-28

Meeting date: 6 October 2026

Rachael Hamilton

Yes.

Economy, Tourism and Energy Committee [Draft]

Pre-budget Scrutiny 2027-28

Meeting date: 6 October 2026

Rachael Hamilton

Following on from what you have just said, I note that KPMG found that the bank invested £3.2 million in companies that were worth zero within six months. What did the bank know when those follow-on investments were made? Would the financial investment decisions have changed because the investment tests are now different?

Economy, Tourism and Energy Committee [Draft]

Pre-budget Scrutiny 2027-28

Meeting date: 6 October 2026

Rachael Hamilton

But that information is not publicly available at the moment.

Economy, Tourism and Energy Committee [Draft]

Scottish Government Priorities (Economy and Tourism)

Meeting date: 29 September 2026

Rachael Hamilton

I have a question about non-domestic rates. I will be quick, as I am conscious of the time.

The non-domestic rates revaluation methodology that the Scottish Government applied has resulted in the total rateable value rising by £800 million. Some businesses are experiencing a fivefold increase in their bills. You have already described the pressures that businesses are facing, including higher energy costs. Some of them are shutting shop. Should an urgent response to the fact that people are closing their doors right now be delivered before Christmas?

Economy, Tourism and Energy Committee [Draft]

Scottish Government Priorities (Energy)

Meeting date: 29 September 2026

Rachael Hamilton

We have talked about energy prices. Britain’s industrial energy prices are some of the highest in the world—probably the highest. In the energy mix globally, many countries use nuclear. Torness is supplying around 19 per cent of the electricity generated here. The Government wants to look at progressing a number of data centres. It would be useful to understand the Government’s thinking on the lifespan limitations of Torness, which will potentially shut down by 2030, and on using small modular reactors for data centres.

Economy, Tourism and Energy Committee [Draft]

Scottish Government Priorities (Energy)

Meeting date: 29 September 2026

Rachael Hamilton

Yes, he did.