Draft Budget 2017-18 (Timetable)

Part of the debate – in the Scottish Parliament on 4th October 2016.

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Photo of Derek Mackay Derek Mackay Scottish National Party

That relates to the point about uncertainty. I am uncertain about what the chancellor might do. I do not think that even he has clarity about what he might do, as he will be reliant on the OBR forecasts that drive his decisions, which in turn affect the Scottish budget.

I say again that publishing our budget before the autumn statement would mean that forecasts for tax receipts in Scotland and in the rest of the UK would rely on economic data that was published alongside the March 2016 UK budget. We have serious concerns about the validity of such data in light of the economic upheaval following the EU referendum outcome, which was also referenced in the letter—