Scottish Government Draft Spending and Tax Plans 2019-20

Part of the debate – in the Scottish Parliament on 12th December 2018.

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Photo of Rhoda Grant Rhoda Grant Labour

In the budget proposals there is no mention of an industrial strategy; they simply reheat initiatives that have not worked. There are no new ideas to boost our economy. Yet again, the cabinet secretary has taken the opportunity to announce his intention to set up a Scottish national investment bank, with funding of £130 million, which is some distance short of the £20 billion that Scottish Labour would invest. [

Laughter

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SNP members seem to find that amusing.

Despite the cabinet secretary announcing that initiative over and over again, we do not know when it will happen. When will the funding that has been reannounced today be in place to benefit our businesses? Can the cabinet secretary tell us when the Scottish national investment bank will be open for business?