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This has identified this as a critical area in to AAB in the coming years and has confirmed that independent assurance would add June 2023 value to the work ongoing and planned (review b/fwd. from 2022/23). Scotland’s Futures Although exempt from formal audit under the provisions of the Companies Act 5 September Forum 2006, a detailed review of the 2017/18 Financial Statements of Scotland’s 2022 to Futures Forum will be undertaken during.
Questions and Answers
Date answered:
31 August 2023
Due to a significant increase in reserves carried forward from previous years, ADPs utilised unspent reserves in 2022-23. ADP funding requirements were fully met in 2022-23, through the use of both unspent reserves and in year funding allocation.
The Committee encourages the Scottish Government and industry to engage with the Scottish National Investment Bank at the earliest opportunity to actively explore the scope of the Bank to support the Scheme.
The projected fall in house prices, of around 4 per cent from the 2022-23 peak, is smaller than the SFC expected in the December 2022 or the May 2023 forecast.
Supply side shortages caused by the COVID-19 pandemic, and Russia’s invasion of Ukraine in early 2022, contributed to higher prices, which in turn increased wages.
The Scottish child payment was doubled in April 2022, to £20 per eligible child, and it increased again to £25 when we extended it to under-16s, in November.