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As Kenny Gibson said, that is hardly a surprise as every year produces record investment, with the one noticeable exception of the first year under Labour.
It is a national tax and not a local one, and the redistribution is extreme. However, it at least produces interesting ideas, such as banding, and addresses the question of a progressive and redistributive tax.
The Executive has established a working group that includes representatives of COSLA and of local government professional associations. It is hoped that the group will produce draft guidance in the next two months.
To allow time for the annual accounts, none of the trusts in Scotland is required to produce financial returns for April. When we produced the May figures in the middle of June, it was clear that an overspend was emerging.