United Kingdom Government Fiscal Policy

Part of the debate – in the Scottish Parliament on 27th October 2022.

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Photo of John Swinney John Swinney Scottish National Party

The UK Government did not engage with the Scottish Government on the most recent changes in fiscal policy for our budget. We face the prospect of further reductions as it tries to manage the damage caused by the Conservative mini-budget some weeks ago. Indeed, the Chancellor of the Exchequer himself has warned about “decisions of eye-watering difficulty”.

I have just completed a call with the new Chief Secretary to the Treasury, who has assured me that there will be dialogue with the Scottish Government in advance of the UK Government’s autumn statement on 17 November. I welcome that assurance. With inflation eroding the real-terms value of our budget by £1.7 billion since it was introduced in December, the UK Government needs to use the autumn statement to set out how it will protect public services, households and businesses from inflation and the cost crisis, and rule out a return to austerity.