Key points from our Scotland’s Budget Report 2019

Today we published our 4th annual Scotland’s Budget Report. The latest report shows that the Scottish Government’s resource budget in the past three years has evolved more healthily than was anticipated at the start of the parliamentary term in 2016, due to both UK government spending increases and Scottish government …

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Latest data on earnings growth and possible implications for the Scottish budget

Today’s release of annual earnings data shows that average annual earnings grew slightly more quickly in Scotland than in the UK between April 2018 and 2019… (2.9% in Scotland v. 2.7% in UK; or in real terms, 0.8% v. 0.6%). More strikingly, earnings in the top half of the distribution …

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What’s happening to the Scottish block grant in 2020/21?

Last month’s UK Spending Round announced increases in UK Government resource spending of 4.1% in real terms next year. Will the Scottish block grant increase by more or less than this, and why? And what will this mean for the Scottish budget? Departmental spending plans of the UK Government affect …

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Spending Round 2019: what does it mean for the Scottish budget?

As had been widely expected, UK Chancellor Sajid Javid used today’s Spending Round to announce significant increases in UK Government resource spending – to fund day-to-day public services – in 2020/21. The announcements amount to an additional £12bn of resource spending next year relative to the plans that his predecessor …

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Has the Scottish Government received a £700m ‘bail-out’ from the UK Government?

Last week, we had the first set of income tax reconciliations for Scotland’s new fiscal framework. For the coming year, that reconciliation figure will be around £200m. In the aftermath of the publication of these figures, there were reports that Scotland was also in receipt of a £700m ‘bail-out’ from …

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Today’s Income Tax Reconciliations from HMRC: confirmed £200m shortfall in funding to hit next year

Today, HMRC published the first ever figures on the scale of ‘income tax reconciliations’ for Scotland. These ‘reconciliations’ – whilst being a largely dry technical issue – are a key part of Scotland’s new fiscal framework. These income tax reconciliations are reflections of the fact that Scottish budgets are initially …

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