However, it is clear from the recent global economic data—including the International Monetary Fund’s downward revision of the growth forecasts on Tuesday—that the Chancellor of the Exchequer must enact a plan B to protect the recovery.As part of our proposals, the First Minister has advocated a targeted reduction in VAT on home repairs, which would provide a boost to construction activity in Scotland. It is clear, however, that the United Kingdom Government must act to protect the recovery.