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Chamber and committees

Official Report: search what was said in Parliament

The Official Report is a written record of public meetings of the Parliament and committees.  

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Dates of parliamentary sessions
  1. Session 1: 12 May 1999 to 31 March 2003
  2. Session 2: 7 May 2003 to 2 April 2007
  3. Session 3: 9 May 2007 to 22 March 2011
  4. Session 4: 11 May 2011 to 23 March 2016
  5. Session 5: 12 May 2016 to 5 May 2021
  6. Current session: 12 May 2021 to 25 April 2025
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Displaying 3162 contributions

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Finance and Public Administration Committee

Scottish Fiscal Commission (Economic and Fiscal Forecasts)

Meeting date: 31 August 2021

Kenneth Gibson

There is a significant mismatch in the labour market between skills and geographic location.

Finance and Public Administration Committee

Cabinet Secretary for Finance and the Economy

Meeting date: 31 August 2021

Kenneth Gibson

We will certainly deliberate on that in our next private session, which is about to start in a few minutes, when we consider our work programme.

I thank both our guests today, particularly the cabinet secretary for answering so many questions in such depth, particularly after a session at the Local Government, Housing and Planning Committee. I realise that it has been a very heavy morning for you, so I hope you will have a wee break now before the rest of the day鈥檚 proceedings.

12:33 Meeting continued in private until 12:47.  

Finance and Public Administration Committee

Cabinet Secretary for Finance and the Economy

Meeting date: 31 August 2021

Kenneth Gibson

Thank you. I open up for questions from the committee.

Finance and Public Administration Committee

Scottish Fiscal Commission (Economic and Fiscal Forecasts)

Meeting date: 31 August 2021

Kenneth Gibson

That is clear.

Your report says that house price stability will be established in the current financial year and that prices will grow in subsequent years. How did you come to that conclusion? House prices appear to be rising quite significantly.

Finance and Public Administration Committee

Cabinet Secretary for Finance and the Economy

Meeting date: 31 August 2021

Kenneth Gibson

I asked a question about the possibility of deferred funding, and members asked about the impacts on a number of areas of the Scottish budget. You talked about how difficult it was, as did members, with additional funding coming in at a time when local authorities were agreeing their own budgets and the council tax settlement was being agreed. Should we get into that situation鈥擨 hope that we do not, because I hope that the UK Government will do as it has done previously and agree a carry-over if necessary鈥攄o you have any shovel-ready projects available that would allow you to provide additional support to businesses or other areas of the economy, so that that money is used effectively?

Finance and Public Administration Committee

Scottish Fiscal Commission (Economic and Fiscal Forecasts)

Meeting date: 31 August 2021

Kenneth Gibson

Just look at the most recent block grant adjustment鈥攊t was only 拢34 million.

Finance and Public Administration Committee

Scottish Fiscal Commission (Economic and Fiscal Forecasts)

Meeting date: 31 August 2021

Kenneth Gibson

Straight in at the deep end.

Finance and Public Administration Committee

Scottish Fiscal Commission (Economic and Fiscal Forecasts)

Meeting date: 31 August 2021

Kenneth Gibson

We will hear from two sets of witnesses today. The first panel is from the Scottish Fiscal Commission, with whom we will discuss a number of recently published reports, including the commission鈥檚 economic and fiscal forecasts. Members have received copies of those reports, along with a private briefing paper from the financial scrutiny unit and the Scottish Parliament information centre.

I welcome from the Scottish Fiscal Commission Dame Susan Rice DBE, chair; Professor Alasdair Smith, commissioner; and John Ireland, chief executive. We will also be joined remotely by Professor Francis Breedon, who is also an SFC commissioner. If members have any questions for Professor Breedon, or if Dame Susan wishes to bring him in at any point, they should make that clear so that our broadcasting operators can activate Professor Breedon鈥檚 microphone.

I intend to allow 75 minutes for the session. Before we open up to questions from members, I invite Dame Susan Rice to make a short opening statement.

Finance and Public Administration Committee

Scottish Fiscal Commission (Economic and Fiscal Forecasts)

Meeting date: 31 August 2021

Kenneth Gibson

That will mean that more people become higher-rate taxpayers.

Finance and Public Administration Committee

Cabinet Secretary for Finance and the Economy

Meeting date: 31 August 2021

Kenneth Gibson

In our second evidence session we will hear from Kate Forbes, the Cabinet Secretary for Finance and the Economy, and Douglas McLaren, deputy director, budget, pay and pensions, in the Scottish Government. I welcome our witnesses to the meeting, not least because the cabinet secretary has come straight from the Local Government, Housing and Planning Committee meeting and has already had an exceptionally busy morning.

Committee members have received a paper providing background information for the evidence session, but before I open the session to questions from members, I invite the cabinet secretary to make a short opening statement.