Construction of infrastructure

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 …

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Scottish Parliament building

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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Household finances in Scotland – now and in the future

New summary statistics have been released today on household income for the UK, including Scotland, covering the period up to the 2018/19 financial year. These figures belong to the pre-COVID-19 world but should not be dismissed as irrelevant. They provide a picture of the underlying health of household finances going …

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Impact of SG tax changes on household incomes

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 …

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Budget 2020/21 – key issues to watch for

On Thursday, Mr Mackay will present his fourth budget – the penultimate budget before next year’s elections. The budget will be delivered against the backdrop of the UK’s recent departure from the EU, significant frictions between both governments on issues ranging from constitutional change to budget timing, devolution of major …

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Devolving income tax revenues to local authorities – some analysis of distributional implications

Frantisek Brocek and David Eiser Should local authorities’ revenue sources include a locally set income tax? Or, alternatively, a proportion of the income tax revenues that are raised from its own residents? This question has been pondered repeatedly – although with varying degrees of seriousness – over the past 15 …

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