The evolution of the Scottish Budget 2020/21 – and a look forward to the Spending Review

The Scottish Budget has been allocated over £8bn to address the implications of Covid-19 in 2020/21. This article considers how those funds have been allocated, reviews the fiscal issues and tensions that have emerged , and considers the possible implications of the UK Government Spending Review 2020 for the Scottish BUdget in 2021/22

Should a UK wealth tax be devolved?

The Covid-19 crisis has renewed interest in the merits of establishing a tax on net wealth in the UK. But if a wealth tax were introduced in the UK, should it operate as a UK tax determined by the Westminster government, or would there be a case for operating the tax – or aspects of it – at a devolved level?

Scottish Parliament Building

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?

Waiters wearing masks in a restaurant

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 …

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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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