The University of Strathclyde
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 »
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 »
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 …
The outlook for the Scottish budget in 2020 and beyond Read More »
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 …
Scottish budget risks and uncertainties – implications of Covid-19 Read More »
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 …
The UK Budget, Coronavirus and Wellbeing – Podcast Read More »
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 …
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 …
Since February’s Budget, there has been discussion about income tax in Scotland and public spending. Oddly, the debate was sparked by adverts – rather good ones we might add! – on the Tube promoting Scotland as a place to live. Some – such as London MP Greg Hands – have …
Higher income taxes and public spending in Scotland? Read More »
Earlier today, FAI Director Graeme Roy gave a talk to the Chartered Institute of Taxation and Association of Taxation Technicians Joint Presidents’ Lunch at The Signet Library, in Edinburgh. The text of his talk is below, and you can download it here.
The Scottish Government says that income tax policy changes since 2016/17 have been ‘highly redistributive’ and have ‘protected low income earners’. But how much of this affect can be attributed to the Scottish Government’s rates and band changes, and how much to the UK Government’s Personal Allowance changes? And how …