The Official Report is a written record of public meetings of the Parliament and committees.
All Official Reports of meetings in the Debating Chamber of the Scottish Parliament.
All Official Reports of public meetings of committees.
Displaying 2063 contributions
Finance and Public Administration Committee
Meeting date: 7 September 2021
Michelle Thomson
In your submission, you call for
鈥済reater capitalisation of the Scottish National Investment Bank鈥.
I agree with that view. You also comment on the need for a 鈥淣ational Infrastructure Agency鈥. I also agree with that view. In that light, would you support increased borrowing powers for the Scottish Government to enable those much grander ideas to be taken forward? I am a bit concerned that, throughout our discussion, we have tended to focus on small taxes, such as LBTT, rather than on the shifts that will really make a difference to economic growth.
Finance and Public Administration Committee
Meeting date: 7 September 2021
Michelle Thomson
I think there is just one more response. Adam, did you want to contribute before we finish off this thread?
Finance and Public Administration Committee
Meeting date: 7 September 2021
Michelle Thomson
I thank Joanne Walker very much for her submission, which I enjoyed greatly. However, in the interests of time, I will confine my questions to Mr Robertson. I should declare that I have an interest in some buy-to-let property and that I am an ambassador for the all-party parliamentary group on fair business banking, which is based at Westminster.
I want to gently challenge you, Mr Robertson, in relation to the discussion that came up earlier about your comment that
鈥渙ur well-respected property legal system is being undermined by changes to the landlord-tenant relationship鈥,
which you say
鈥渃ould create a barrier to much needed future investment.鈥
In light of the considerable uncertainty in the trading environment, surely as big a factor is access to finance for businesses and the risk appetite of lenders, be they private equity or banks. Do you accept that that is the case?
Economy and Fair Work Committee
Meeting date: 1 September 2021
Michelle Thomson
Good morning, everybody. It is nice to be able to reacquaint myself with some people whom I knew previously.
I was very struck by Carolyn Currie鈥檚 comment about the disaggregation of data and how important that is. However, before I move on to ask Carolyn some questions about that, I want to ask the other representatives whether they disaggregate all the sample data by women-led businesses? That question is for everyone, bar Carolyn.
Economy and Fair Work Committee
Meeting date: 1 September 2021
Michelle Thomson
Okay鈥擨 will carry on for now then.
The responses were illuminating. In relation to the disaggregation of data, I was extraordinarily struck by the data set that Carolyn Currie provided, and by her point about people who become entrepreneurs out of necessity versus opportunistic entrepreneurs, as we might say. The former have different needs because of how they have arrived at running their own businesses.
I am particularly interested in following up on Carolyn Currie鈥檚 comment about structural issues. She has said:
鈥渟tructural inequalities prevail鈥.
Perhaps we have a slight example of that in the point that we are routinely not gathering disaggregated data, but I am interested in hearing and understanding more about what specifically she meant by that.
Economy and Fair Work Committee
Meeting date: 1 September 2021
Michelle Thomson
Going back to the general question about structural issues, I am sure that we will be very vexed with the issue of cause and effect throughout this session of the Parliament, but, with regard to effect, we would all agree that much more needs to be done. With regard to cause, going right back to the top, there is the fact that the law was developed by men for men, and there are issues with banking regulation and with artificial intelligence embedding some of that thinking, and so on. Given that, my question to all of you is: rather than women-designed programmes, to what extent have you looked specifically at the nature of the business environment鈥攚hich, post Covid, presents us all with an opportunity鈥攁s though it were entirely led by women as a way of bringing out data? Are you planning on doing any further research? Have you undertaken any research post Covid, in the light of Carolyn Currie鈥檚 data?
Economy and Fair Work Committee
Meeting date: 1 September 2021
Michelle Thomson
I want to talk briefly about debt in small businesses, which has been talked about frequently鈥攊ndeed, it was mentioned in many of the submissions. What is your sense of the debt burden for small businesses, and what are your thoughts about how they can be supported in dealing with that?
Economy and Fair Work Committee
Meeting date: 1 September 2021
Michelle Thomson
I realise that it is a slightly different question for Dave Moxham.
Economy and Fair Work Committee
Meeting date: 1 September 2021
Michelle Thomson
That is what I was alluding to earlier in respect of endemic structural issues in our financial system.
I am keen to ensure that, before we finish, everyone has the chance to put on the record their findings about debt. However, I am aware of the time, so you should be brief before the convener calls me to order.
Economy and Fair Work Committee
Meeting date: 1 September 2021
Michelle Thomson
I will carry on with that in a moment, but I understand that Dave Moxham wants to come in.