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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 8 July 2025
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Displaying 2221 contributions

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Delegated Powers and Law Reform Committee

Moveable Transactions (Scotland) Bill: Stage 1

Meeting date: 25 October 2022

Stuart McMillan

Under agenda item 2, we will continue to take evidence on the Moveable Transactions (Scotland) Bill from two panels. The first panel is online. I welcome Colin Borland, who is director for the devolved nations at the Federation of Small Businesses, and Mirka Skrzypczak, who is the head of working capital and trade products at NatWest. I remind both attendees not to worry about making us aware of when you want to speak, because we will bring you in automatically.

I will start with a question for the FSB. Something that has come up in evidence so far is cash flow, which can certainly be an issue for all businesses, and especially for small businesses. Can you provide a bit more background information on that, Mr Borland? I think that it is fair to say that, since 2008, the financial and trading conditions for the small business sector in particular have been extremely difficult in Scotland and across the United Kingdom. We are also currently in a situation that is clearly financially challenging.

Delegated Powers and Law Reform Committee

Moveable Transactions (Scotland) Bill: Stage 1

Meeting date: 25 October 2022

Stuart McMillan

Are you aware of any advantages for larger businesses in Scotland that will result from the reforms to invoice financing that are proposed in the bill? You have touched on a couple of points already.

Delegated Powers and Law Reform Committee

Moveable Transactions (Scotland) Bill: Stage 1

Meeting date: 25 October 2022

Stuart McMillan

I thank the witnesses for their time and their written submissions, and I suspend the meeting briefly so that we can change to the next panel of witnesses.

10:21 Meeting suspended.  

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Delegated Powers and Law Reform Committee

Instruments subject to Affirmative Procedure

Meeting date: 25 October 2022

Stuart McMillan

Is the committee content with the instruments?

Members indicated agreement.

Delegated Powers and Law Reform Committee

Instruments not subject to Parliamentary Procedure

Meeting date: 25 October 2022

Stuart McMillan

Under agenda item 5, we are considering two instruments, on which no points have been raised.

Delegated Powers and Law Reform Committee

Instruments not subject to Parliamentary Procedure

Meeting date: 25 October 2022

Stuart McMillan

Is the committee content with the instruments?

Members indicated agreement.

Delegated Powers and Law Reform Committee

Moveable Transactions (Scotland) Bill: Stage 1

Meeting date: 4 October 2022

Stuart McMillan

So would the bill stop you from having to say that to clients?

Delegated Powers and Law Reform Committee

Moveable Transactions (Scotland) Bill: Stage 1

Meeting date: 4 October 2022

Stuart McMillan

I thank Mike Dailly, Dr Hardman and Dr Patrick for their help. The committee might follow up by letter on any additional questions that stem from the meeting. There are only one or two points thus far, but we might want to do another letter.

I will suspend the meeting to allow a change of witnesses and a five-minute comfort break.

11:13 Meeting suspended.  

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Delegated Powers and Law Reform Committee

Moveable Transactions (Scotland) Bill: Stage 1

Meeting date: 4 October 2022

Stuart McMillan

For our second panel, I welcome Myles Fitt, who is the strategic lead for financial health at Citizens Advice Scotland, and Alan McIntosh, who is an approved money adviser at Advice Talks.

I will start off with some of my own questions before I move on to questions from colleagues.

I noticed that the submission from Citizens Advice contains a lot of references to the current cost of living crisis, but the bill as introduced and the financial memorandum indicate that, if the bill is passed, it would not be implemented until 2024. Some of the commentary from Citizens Advice appears to be focused on the present day, and we all hope that we are not still in the current crisis by 2024. Do you accept that, Myles?

Delegated Powers and Law Reform Committee

Moveable Transactions (Scotland) Bill: Stage 1

Meeting date: 4 October 2022

Stuart McMillan

Thank you for that. Were the concerns that you just raised, as well as those in your written submission, raised directly with the SLC when it was going through the process and when it produced a draft bill a number of years ago? Did Citizens Advice contact the SLC to raise those concerns?