Is this the long projected one over many years or a new one falling in one year ? The article isn’t clear.
Neither is good but it makes a whopping difference which!
Cut spending or raise taxes, or both.
The deficit is structural- borrowing cannot fix it.
None of the solutions are without considerable damage, but such is the price of 15+ years of economic mismanagement.
I think after Rutherglen and Hamilton, the SNP are (rightly) being a lot more apprehensive about tax rises (plus the fact they are already at record levels). The CT freeze was knee-jerk reaction to the by-election as Labour campaigned heavily against high tax.
The STUC’s recommendations were rather insane when it came to tax and would have drastically raised the tax burden. What needs to be done is grow the tax base because this is going to be a recurring issue. The UK chancellor has pencilled in public spending cuts for the next few years to come, and the IFS has warned about Scotland’s growing spending commitments for a while now.
Can’t see the getting round cuts to peripheral government services and function. They need to shore up health, education, justice, and local authority spending (which are all fucked).
I would be getting quite nervous if was in the third-sector and in receipt of SG funding.
So they are praising their efforts at avoiding strikes… adding to the black hole
They are giving money away at cop… adding to the black hole
They have frozen council tax **without any analysis**… adding to the black hole
These are all their recent shenanigans as well.
If they do raise income tax again… watch the intake fall as those in the higher brackets move their financial obligations about to avoid it.
If only they could stop Humza Yousaf deciding, off the cuff, to freeze council tax because he didn’t think the conference was going well
Turn the council tax freeze into a cap & give the councils slightly less money than the freeze, which helps councils
but they won’t
Then there’s all the freebies that have been promised, that will need to be funded on an ongoing basis (how long does a laptop last? In business 3 years)
8 comments
Is this the long projected one over many years or a new one falling in one year ? The article isn’t clear.
Neither is good but it makes a whopping difference which!
Cut spending or raise taxes, or both.
The deficit is structural- borrowing cannot fix it.
None of the solutions are without considerable damage, but such is the price of 15+ years of economic mismanagement.
I think after Rutherglen and Hamilton, the SNP are (rightly) being a lot more apprehensive about tax rises (plus the fact they are already at record levels). The CT freeze was knee-jerk reaction to the by-election as Labour campaigned heavily against high tax.
The STUC’s recommendations were rather insane when it came to tax and would have drastically raised the tax burden. What needs to be done is grow the tax base because this is going to be a recurring issue. The UK chancellor has pencilled in public spending cuts for the next few years to come, and the IFS has warned about Scotland’s growing spending commitments for a while now.
Tax rises incoming.
https://www.thetimes.co.uk/article/ebfff661-c10a-4ce6-a4a7-44f66d7652da
https://archive.is/D81as
Can’t see the getting round cuts to peripheral government services and function. They need to shore up health, education, justice, and local authority spending (which are all fucked).
I would be getting quite nervous if was in the third-sector and in receipt of SG funding.
So they are praising their efforts at avoiding strikes… adding to the black hole
They are giving money away at cop… adding to the black hole
They have frozen council tax **without any analysis**… adding to the black hole
These are all their recent shenanigans as well.
If they do raise income tax again… watch the intake fall as those in the higher brackets move their financial obligations about to avoid it.
If only they could stop Humza Yousaf deciding, off the cuff, to freeze council tax because he didn’t think the conference was going well
Turn the council tax freeze into a cap & give the councils slightly less money than the freeze, which helps councils
but they won’t
Then there’s all the freebies that have been promised, that will need to be funded on an ongoing basis (how long does a laptop last? In business 3 years)