The Welsh government is going to reduce business rates relief to put towards the NHS – I wonder if ScotGov will do something similar. They received barnett consequentials for it, but I don’t think they will follow through with what the UK gov did.
Looks like no change in income tax rates from what I can tell
Edit. Whelp, no, I was wrong. _Advance_
New income tax band for people on 75k+
Seems to have retained the fucking council tax freeze ‘for main homes’
Those with the broadest shoulders “pay a little more”. The problem is those shoulders aren’t broad any more and the little more is becoming a lot more.
well my “broadest shoulders” won’t be contributing – I’ll just be dramatically increasing my pension payments.
Not sure why they aren’t increasing the thresholds for intermediate and higher bands in line with inflation.
Also worth posting this
>She says: “Last month’s Autumn Statement was a worst case scenario for Scotland.”
>
>The block grant has fallen by 1.2% in real terms since 2022/23, she adds.
>
>She says the chancellor prioritised tax cuts not public services.
As a consequence , we get less money. Since the Scottish government can’t borrow money and doesnt have half the economic powers of a normal country, this budget is a direct result of that. As usual we’re just applying stickers to cover the holes made by UK wide economic policy.
BUCKLE UP BOYS
Guess I’m whacking up my broad shoulders pension till I leave Scotland 🤷♂️
Brilliant news. £75k is way more than the average earner for those of us in Scotland so is a welcome easy way to make some additional money.
“Give me money. Money me. Money now. Me a money needing a lot now.” – Shona Robison, Scottish Budget, 2023.
It’s a good thing moderately high earners are not people who can emigrate and thus can be taxed up to infinity.
Could you imagine the long term problems a policy like this would cause if those people were able to move to another country and instigate a brain drain? Luckily that will never happen!
The idea of a “fully funded council tax freeze” doesn’t really track given that it’s only funded up to a 5% increase, and several councils had already proposed rises above this.
Now, I await IFS analysis on the budget lol
Our middle class is too big, it’s natural that we’d want to diminish it.
Great incentive for intelligent workforce to stay and work in Scotland
16 comments
Proposing a mega thread to make the content on the sub a little bit more manageable for the mods and other users.
The budget statement is expected to begin around 14:20. You can watch it [here](https://www.scottishparliament.tv/meeting/meeting-of-the-parliament-accessible-december-19-2023)
The Welsh government is going to reduce business rates relief to put towards the NHS – I wonder if ScotGov will do something similar. They received barnett consequentials for it, but I don’t think they will follow through with what the UK gov did.
Looks like no change in income tax rates from what I can tell
Edit. Whelp, no, I was wrong. _Advance_
New income tax band for people on 75k+
Seems to have retained the fucking council tax freeze ‘for main homes’
Those with the broadest shoulders “pay a little more”. The problem is those shoulders aren’t broad any more and the little more is becoming a lot more.
well my “broadest shoulders” won’t be contributing – I’ll just be dramatically increasing my pension payments.
Not sure why they aren’t increasing the thresholds for intermediate and higher bands in line with inflation.
Also worth posting this
>She says: “Last month’s Autumn Statement was a worst case scenario for Scotland.”
>
>The block grant has fallen by 1.2% in real terms since 2022/23, she adds.
>
>She says the chancellor prioritised tax cuts not public services.
As a consequence , we get less money. Since the Scottish government can’t borrow money and doesnt have half the economic powers of a normal country, this budget is a direct result of that. As usual we’re just applying stickers to cover the holes made by UK wide economic policy.
BUCKLE UP BOYS
Guess I’m whacking up my broad shoulders pension till I leave Scotland 🤷♂️
Brilliant news. £75k is way more than the average earner for those of us in Scotland so is a welcome easy way to make some additional money.
“Give me money. Money me. Money now. Me a money needing a lot now.” – Shona Robison, Scottish Budget, 2023.
It’s a good thing moderately high earners are not people who can emigrate and thus can be taxed up to infinity.
Could you imagine the long term problems a policy like this would cause if those people were able to move to another country and instigate a brain drain? Luckily that will never happen!
The idea of a “fully funded council tax freeze” doesn’t really track given that it’s only funded up to a 5% increase, and several councils had already proposed rises above this.
Now, I await IFS analysis on the budget lol
Our middle class is too big, it’s natural that we’d want to diminish it.
Great incentive for intelligent workforce to stay and work in Scotland