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 Jackie Baillie Jackie Baillie Labour

I welcome the package of measures from the UK Government, but it can be viewed only as a first step in tackling the economic crisis. On the scale of the economic stimulus, given that France has a package of €15 billion and Germany has a package of €14 billion, it seems that the £3 billion from the UK Government is much less than required. What proportion of the Scottish budget can the cabinet secretary set aside to deal with the economic recovery?

I welcome the cabinet secretary’s announcement about LBTT, but she will be aware that any delay in implementation causes postponement in house sales and purchases, which is unhelpful to the housing market. Can the cabinet secretary tell us how quickly she will move to put in place legislation? What is the time delay?

I welcome the £100 million that the cabinet secretary announced for youth unemployment. However, given that she has received only £21 million in consequentials, can she set out where that money will come from?