Expert Panel Interim Commentary On The Implications Of The Uk Government Fiscal Statements For The Scottish Government Budget

3rd November 2022

On 27th September, the Scottish Government appointed us as its panel to provide economic advice on the implications for Scotland of the UK Government's UK Growth Plan (or mini budget) of 23rd September.

Since then, the UK Government has made further fiscal statements, reversing around two thirds of the tax cuts announced in the mini budget. Political and economic uncertainty remains heightened with a further UK Government fiscal statement having been delayed until 17th November.

In this interim commentary, we have provided independent economic advice to the Scottish Government on:
• the current challenges in the economic and fiscal context;
• the uncertainty relating to the UK Government's fiscal statements; and
• the implication of these for Scottish economic and fiscal policy.

We set out our thinking on how the Scottish Government could respond to the challenges it is facing through the tax system and the wider implications for public services and the economy.

Read the full report HERE
PDf 12 pages