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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 4 May 2021
  6. Current session: 13 May 2021 to 12 September 2025
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Displaying 3573 contributions

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Finance and Public Administration Committee

Budget Scrutiny 2023-24

Meeting date: 20 December 2022

Kenneth Gibson

Hospitals and schools still have to keep the lights on, and ambulances still need to be fuelled, so the GDP deflator underestimates the real costs that impact on the Scottish and UK budgets.

One aspect of the increase in the higher rates of taxation and so on is the impact on behaviour. When I was convener of the equivalent of this committee 10 years ago, Professor David Bell talked about that and the research that had been done on it. What research has been done on behaviour and on where the tipping point is whereby increased revenue is offset by behavioural change? For example, when do people who can do so register in England instead of Scotland for income tax purposes? When does that happen with incorporation, or even with people who class themselves as self-employed? I imagine that such behaviour would have an impact at this time. Where are we with that?

Finance and Public Administration Committee

Budget Scrutiny 2023-24

Meeting date: 20 December 2022

Kenneth Gibson

There is frequent use of the word “uncertain” in your report, I have to say. [Laughter.]

Finance and Public Administration Committee

Budget Scrutiny 2023-24

Meeting date: 20 December 2022

Kenneth Gibson

The review of the fiscal framework seems continually to get kicked into touch. There has been delay on delay.

More positive, perhaps, is that Scottish households tend to have smaller mortgage debt than those in other parts of the UK, which means that they will be less affected by rising interest rates—which will support economic activity in Scotland. I would hope that that would mean less fluctuation in house prices, apart from anything else—less decline, then less bounce back, so more stability in house prices. Has that helped economic activity in Scotland in any way? How much of a difference will it make?

Finance and Public Administration Committee

Budget Scrutiny 2023-24

Meeting date: 20 December 2022

Kenneth Gibson

I thank our witnesses for answering our questions and, indeed, my colleagues for their questions.

Before I close the meeting, I wish everyone a very merry Christmas, a restful festive break and a happy and prosperous new year.

Meeting closed at 12:17.  

Finance and Public Administration Committee

Budget Scrutiny 2023-24 (United Kingdom Context)

Meeting date: 13 December 2022

Kenneth Gibson

What will be the debt repayment level in 2027-28 under current forecasts?

Finance and Public Administration Committee

Budget Scrutiny 2023-24 (United Kingdom Context)

Meeting date: 13 December 2022

Kenneth Gibson

Another issue that we have talked about is fairness. For example, the UK Government abolished the cap on bankers’ bonuses on 23 August, and it did not reverse that. The Office of Tax Simplification will also be closed. What are the implications of those measures?

Finance and Public Administration Committee

Budget Scrutiny 2023-24 (United Kingdom Context)

Meeting date: 13 December 2022

Kenneth Gibson

If we have stability in gas prices at a lower level than at present but still higher than before, will that not make other forms of energy such as renewables more competitive, which might open up the market a bit more in the long run?

Finance and Public Administration Committee

Budget Scrutiny 2023-24 (United Kingdom Context)

Meeting date: 13 December 2022

Kenneth Gibson

Just a second—Andy King would like to come in.

Finance and Public Administration Committee

Budget Scrutiny 2023-24 (United Kingdom Context)

Meeting date: 13 December 2022

Kenneth Gibson

I am sorry—I had understood that you wanted to come in at this point.

Finance and Public Administration Committee

Budget Scrutiny 2023-24 (United Kingdom Context)

Meeting date: 13 December 2022

Kenneth Gibson

You only missed five minutes.