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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 21 June 2025
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Displaying 1622 contributions

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Economy and Fair Work Committee

Pre-budget Scrutiny 2025-26

Meeting date: 11 September 2024

Michelle Thomson

Precisely.

Economy and Fair Work Committee

Pre-budget Scrutiny 2025-26

Meeting date: 11 September 2024

Michelle Thomson

Jane Morrison-Ross has triggered a further question, which I will put to both enterprise agencies. We know that private capital will need to be leveraged to establish the industries and supply chains that will get us to net zero. What sense do you have, anecdotally, about the extent of private capital that can be leveraged? Traditionally, we hear that there is a lot of that available if the right projects are found, but I am interested in the personal experience of both agencies.

Economy and Fair Work Committee

Pre-budget Scrutiny 2025-26

Meeting date: 11 September 2024

Michelle Thomson

Before I move on, I have a final point on this, which is perhaps for the numbers guys. Obviously, it is very inefficient to have the variability. Do you collect data on sunk costs at all? There must be quite a lot of sunk costs when you have a projection of £X and it suddenly turns out to be £Y.

Economy and Fair Work Committee

Pre-budget Scrutiny 2025-26

Meeting date: 11 September 2024

Michelle Thomson

Is the crowding in of private investment flowing towards what you consider to be the right business—in relation to matters such as fair work, ethical stance and sustainability? Are you making the Scottish Government or SNIB aware that you have that scale?

Economy and Fair Work Committee

Pre-budget Scrutiny 2025-26

Meeting date: 11 September 2024

Michelle Thomson

I hear that clearly, and I also recognise what you say about the banks.

My last question is to both the enterprise agencies. The recent programme for government included a commitment to

“Increase the number of women starting and scaling businesses”,

and it mentions our partnership with the enterprise agencies to enable that. Will you tell us more about what is going on in that regard? This is a chance for you to evangelise.

Economy and Fair Work Committee

Pre-budget Scrutiny 2025-26

Meeting date: 11 September 2024

Michelle Thomson

You and me both.

Economy and Fair Work Committee

Pre-budget Scrutiny 2025-26

Meeting date: 11 September 2024

Michelle Thomson

I have a question for Vicki Miller, although Stuart Black and Jane Morrison-Ross might want to come in, as well. To what extent have you considered the opportunities and challenges that are set by artificial intelligence, particularly generative AI, linked to your marketing propositions? I would appreciate your initial thoughts on that.

11:15  

Finance and Public Administration Committee [Draft]

Pre-budget Scrutiny 2025-26

Meeting date: 10 September 2024

Michelle Thomson

Many of the areas that I am interested in have been covered. I want to explore the main theme of this evidence session. Thus far, the evidence has highlighted the considerable complexity that is illustrated by the fiscal framework. It also points to the fact that there is a bit of a johari window issue in that politicians are driven to look at very nearside issues in relation to the budget in hand at this moment in time, although our earlier conversation was about the lack of long-term infrastructure investment—capex and so on. Public sector net investment was 8 per cent of gross domestic product in the 1960s and had dropped to 0.5 per cent of GDP by the 1990s. That big thematic framing of the UK macroeconomy tends to be forgotten when we are looking at this exercise.

That is a long explanation for what is a simple question. Given that this evidence session is about a strategic approach to the Scottish budget, in summing up, what areas would you like to pull out that have not been considered thus far to genuinely attempt some consideration of a strategic approach to the Scottish budget?

You looked at me, Professor Bell, so I will go to you first.

Finance and Public Administration Committee

Pre-budget Scrutiny 2025-26

Meeting date: 10 September 2024

Michelle Thomson

Good morning. I have a few random questions. David Lonsdale, I want to ask you about your intriguing comment about competitiveness pertaining to the tax strategy or framework, as you described it. Can you give us a bit more flavour of that? For the record, you said that tax strategy should include an additional principle of competitiveness

“to stimulate greater levels of private sector investment and consumer demand, to ensure a strong economic recovery.”

Finance and Public Administration Committee

Pre-budget Scrutiny 2025-26

Meeting date: 10 September 2024

Michelle Thomson

That is an excellent response. In asking that question, I was not making a singular plea for hypothecated taxes—it was merely a question.

Have David Lott and Vikki Manson anything to add on that? I appreciate that it is a bit of a left-field question.