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I could make a wild guess, but I think that 70 per cent of it will have been spent by the end of March. However, as I have indicated, the £10 million funding will be renewed.
The current discussions on Brexit involve discussion about article 50, which I know the committee will go on to discuss, and the requirement to leave the EU in March 2019. The UK Government has given a commitment to honouring all the funding that was committed to prior to our exiting the EU, and in turn we have said that we will pass that on.
Secondly, how is Network Rail preparing for the development of its control period 6 business plan for Scotland, which will start in March 2019, particularly in the light of failures in the previous periodic review process?
Most people are operating on the basis that, assuming article 50 is triggered “before the end of March”, which I think is the phrase that has been used, there will be an actual Brexit in 2019.
Unfortunately, for 2013-14, the spring budget revision did not come into force until 31 March, which also happened to be Easter Sunday, which is a non-working day.
We do not get that final information until well after 31 March. In addition, we have the Audit Scotland audit and all the other audit arrangements that happen after 31 March, so we have to provide for audit adjustments.
Regarding the UK picture, as Tom Josephs mentioned in his opening statement, there is a sizeable upward revision in our welfare forecast relative to last March of around £16 billion by 2029-30.
Audit Scotland Annual Report and Accounts for the Year to 31 March 2024 Under agenda item 3, we will take evidence on Audit Scotland’s annual report and accounts for the year to 31 March 2024, as well as the auditor’s report on the accounts.