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 Dean Lockhart Dean Lockhart Conservative

Instead of the finance secretary just asking for more money from the UK Government, people want to know how the Scottish Government is using its budget. For example, the Scottish National Investment Bank has a budget of £500 million, which comes from financial transactions money from the UK Treasury. Will the finance secretary give a commitment that all that budget will be used to save existing viable businesses in Scotland, rather than being wasted on speculative projects, which resulted in a loss of £150 million last year alone?