Chancellor of the Exchequer’s Economic Update

Part of the debate – in the Scottish Parliament on 9th July 2020.

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Photo of Sandra White Sandra White Scottish National Party

I understand why there has been a lot of talk about fiscal stimulus and flexibilities but, as others have mentioned, and as I am sure the cabinet secretary will agree, what is needed is the transfer of borrowing powers. That is important. We have heard about moneys being “given” from Westminster to Scotland. Will the cabinet secretary please let it be known that those moneys are not given; they are moneys that we pay taxes toward?