A busy week of news on the Scottish budget
Its been a busy week of news on the Scottish budget, with three significant announcements: on income tax outturn, budget revisions, and the scrapping of the UK Autumn Budget. What are the implications?
Economy and Budget Round up
Graeme Roy is joined by colleagues Mairi Spowage and David Eiser to discuss what we currently know about economic conditions and outlook given the coronavirus crisis, and how this might impact on the Scottish Budget Outlook.
Scottish Budget update
As per usual, there was some amount of confusion about what the Chancellor’s statement yesterday meant for the Scottish Budget. Different numbers mean different things to people. But the outlook for the Scottish budget in 2020/21 has changed substantially since it was published in March. So, what do we know?
Fiscal event or not a fiscal event…. today’s announcements in a nutshell
The Chancellor today announced a number of measures designed to stimulate economic recovery in the wake of the coronavirus pandemic. Overall, whilst significant, it is clear that the Chancellor is keeping some options in his back pocket for the budget in the Autumn. And whilst it is right that we …
Fiscal event or not a fiscal event…. today’s announcements in a nutshell Read More »
Fiscal stimulus? Plus a note about ‘borrowing powers’…
We set aside some time yesterday to look over the Prime Minister’s economy announcements, following the trail that it would set out a plan for recovery. At the heart of the announcement was a £5bn “new deal” to build homes and infrastructure. But has been widely pointed out, there was …
Fiscal stimulus? Plus a note about ‘borrowing powers’… Read More »
The outlook for the Scottish budget in 2020 and beyond
David Eiser, Fraser of Allander Institute, david.eiser@strath.ac.uk The outlook for the Scottish budget in 2020/21 has changed substantially since it was published in March. Higher spending and lower revenues will largely be offset by increased grant from the UK Government. The pandemic also accentuates the scale of several fiscal risks …
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Scottish budget risks and uncertainties – implications of Covid-19
The Scottish Budget 2020/21 was published and agreed before Covid-19 was perceived as posing a significant health risk to the UK. This post examines how the policy response to Covid-19 will affect the size of the Scottish budget, the outlook for devolved revenues, and the financial risks the budget is …
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The UK Budget, Coronavirus and Wellbeing – Podcast
Our first Fraser podcast looks at the UK Budget announced on the 11th March 2020. Emma Congreve, David Eiser and Graeme Roy have been looking at what was announced and here present some thoughts on what the Budget means for the economy and how it will impact on Scotland. This …
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Budget 2020: Scottish implications
This was one of the most significant UK budgets in recent years – although it has very limited ‘Scottish specific’ implications. What a difference a decade makes. Less than 10 years ago (in June 2010) George Osborne set out plans for a major fiscal consolidation which aimed to reduce public …
UK Budget – our initial take!
The Budget has – quite rightly – been overshadowed by the ongoing coronavirus emergency. At times like this, the normal budget day issues that tend to interest us economists, from Barnett consequentials through to the latest policy initiative or forecasts from the OBR, are very much secondary. The channels through …