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United Kingdom Budget

Part of the debate – in the Scottish Parliament at 4:45 pm on 25th March 2010.

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Photo of John Swinney John Swinney Scottish National Party 4:45 pm, 25th March 2010

As Gavin Brown knows from his analysis of the red book, the chancellor has tightened his fiscal stance in comparison with the stance in the pre-budget report. The chancellor made that decision although he had the opportunity to provide the type of capital acceleration programme for which the Scottish Government was calling without jeopardising the financial framework that he set out in the pre-budget report in December.

That is a perfectly sustainable proposition to put to the United Kingdom Government, notwithstanding the fact that I accept the need for a reduction in the deficit in due course. It is important that we support the development of the economy to contribute that private sector growth and return, rather than jeopardising it as the chancellor has done by adopting that fiscal stance.