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Tag: Scottish Budget

Scottish Budget challenge

Labour plans tax hike to invest in public services

Richard Leonard
Scottish Labour is proposing higher taxes to increase spending on public services by a further £1 billion.

SNP accused of cutting services

Labour to call ‘no confidence’ vote in Budget

Derek Mackay
Labour will use debating time in Holyrood this week to force a vote of ‘no confidence’ in the draft Scottish budget.

Concerns over added costs

Retailers hit out at ‘wrong-headed’ levy plan

East Kilbride shopping
Retailers have criticised what they call a 'wrong-headed' extra levy proposed for out of town stores.

£210m of savings identified

Tories say efficiencies could avoid tax rises

Murdo Fraser
The Scottish Conservatives have identified £210 million in efficiency savings that it says the government could make, rather than raise income tax.

Scottish Budget and reaction

Mackay: Scots now ‘fairest and lowest taxed in UK’

Derek Mackay at Hoyrood
Full round-up and analysis: Income tax + help for homebuyers + schools to pay rates + business rates reform + affect on pensions + growth forecasts

Scottish Budget: economy pledge

FM: ‘we need to balance competitive taxes with growth’

Nicola Sturgeon
Nicola Sturgeon says the Scottish Budget will balance the need for "competitive taxes" and growing the economy.

As I See It

Mackay should demand a more productive public sector

Terry smiling
Derek Mackay will become the first Finance Secretary to use the Scottish Parliament's newly-extended tax powers, though his place in history would be most favourable if he chooses to make no change to the rates and bands. On the available evidence that doesn't look likely.

Warning for Finance Secretary

Raising top rate of tax may hit revenue, says economist

Income tax own pic
Raising the top rate of income tax from 45p to 50p may lead to a loss of revenue for the Scottish government, according to its chief economist.

Mackay facing new demands

Budget calls for action on rates and LBTT

David Melhuish 2
Scotland's property industry is demanding measures in this week's Budget that will stimulate the top end of the housing market and encourage more private investment into real estate.

Research group says tax rises not enough

Mackay urged to give Budget boost to output

Derek Mackay
Derek Mackay will need to use Thursday's Budget to boost the country's economic output