Covid-19 Fiscal Implications

Part of the debate – in the Scottish Parliament on 16th June 2020.

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Photo of Maurice Golden Maurice Golden Conservative

We will see the recovery package from the UK Government, and elements might need to be looked at, such as sector deals for tourism and hospitality.

I was making the point—which I concede that the Labour Party supports—that the furlough scheme is to be welcomed. Of course, the SNP appears to be turning its back on that support. [

Interruption

.] I will not take an intervention now; I need to make progress.

The Chartered Institute of Taxation said:

“the UK Government has responded with more largesse than one might have anticipated”—[

Official Report

,

Finance and Constitution Committee

, 5 June 2020; c 22.]

The finance secretary has publicly praised the UK Government’s response, and—not to be outdone—the economy secretary took to the airwaves to describe the job retention scheme as a “lifeline”. It has been a lifeline in keeping the economy from collapse until it can be restarted, and that is where our economic efforts should now be focused.