Scotland Bill

Part of the debate – in the House of Commons at 2:52 pm on 27th January 2011.

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Photo of Stewart Hosie Stewart Hosie SNP Chief Whip, SNP Deputy Leader, Shadow SNP Spokesperson (Treasury) 2:52 pm, 27th January 2011

The hon. Gentleman is wrong. Any country will see its tax revenues fall or rise with the economic cycle-the one that Mr Brown said he had ended. The difficulty with the proposals in the Bill is not that tax revenues may go up or down, but that they embed a deflationary bias in the Scottish budget.