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Citing the two referendums that took place on the UK’s EU membership and two on Scottish devolution, Professor Tomkins stated that it is not the case in the UK that, once you have a referendum on an issue you cannot have another on the same issue at a later date.2Scottish Parliament. (2025). Official Report, Constitution, Europe, External Affairs and Cultur...
The Scottish Government has not used resource borrowing powers to date.
Conclusions
Income tax is by far and away the most significant tax power devolved to the Scottish Parliament in absolute budgetary terms.
We know through research that innovation is penalised—for example, when banks are lending to firms that they understandably see as being riskier, those firms pay a significant penalty.
We have done a lot of work on infection rates and we are thinking about how to use complaints data and information on the workforce and vacancy rates—the use of bank and agency nurses, for instance.
The main problem that we see is that the cap on the size of electricity-only plants is de facto a cap on the size of CHP projects because when financiers and banks look at such projects they ask what happens if there is an interruption to the heat demand for the project.
People who currently get benefits will no longer get the same level of benefits, and people will find themselves in difficulty because the money will go directly into their bank account, which means that they will incur charges.