Energy Prices and Inflation (Impact on Businesses and Jobs)

Part of the debate – in the Scottish Parliament on 21st September 2022.

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Photo of Ivan McKee Ivan McKee Scottish National Party

I thank Pauline McNeill for organising the recent event with hospitality businesses, which reinforced my understanding of the difficulties that businesses in that sector and others are facing, due not only to the price rises but to the uncertainty as a consequence of them.

We have seen from the UK Government a six-month-only price cap, which is clearly not as helpful as it could be to businesses that are looking to the future. I fully appreciate the difficulties caused to businesses as a consequence of that. The Scottish Government is looking at all the options for taking measures to support businesses; however, as we all know, many of the levers are controlled by the UK Government. My colleague the Deputy First Minister will be introducing measures through the budget, once we have seen the UK Government’s budget action in that regard and fully understand the fiscal scope within which we can operate. Rest assured that we understand and appreciate the impact of the current crisis on businesses.