Is this figure of £640m for Scotland seen as fair, versus the ~£97bn spending pledged to rUK?
CityCyclingEdinburgh Forum » Debate!
Budget 11.3.20
(35 posts)-
Posted 5 years ago #
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LB shop is so small we (legally) pay no rates - not unusual in Scotland but compare and contrast with our council tax paying residential neighbours in converted shop units.
So we already have commerce supported by community.
Our main taxation is collecting VAT for UKGov with no direct income to CEC. Water and power via private business re-sellers. Also we pay duty on any items coming into EU direct from Taiwan avoiding EUUK distributors.
Old shop had us shovelling out £800 per month on rates - still less than most units in rUK.
No idea how they will 'handout' money here. It's all borrowing - either from governments direct or RBS as government backed bank.
Appreciate that local shops like @harts are employers and will be in crazily competitive market as major shops will sell mainstream stuff at low prices.Posted 5 years ago # -
“Is this figure of £640m for Scotland seen as fair”
Not forgetting this isn’t extra money (I believe).
SG already did its budget based on expectations.
This may be more money than anticipated, but a lot is already allocated.
Posted 5 years ago # -
“£97bn spending pledged to rUK?”
Chancellor clearly said England a few times, but some money was whole UK (& NI?) including PRESUMABLY ‘as much as it needs’ for NHS.
Posted 5 years ago # -
George Kerevan's view... tend to agree that the deficit the Budget inflicts and the part allocated to Scotland is designed to sink the island in one piece without any part floating off.
"MEANWHILE NORTH OF THE BORDER
What are the implications of the Budget for Scotland? Of course, there are Barnett consequentials, but most of these have already been factored into the SNP Government’s own budget. Most of any extra will be tied to fighting the current corona pandemic. Also, the SNP Government is wedded to the nonsense of spending an extra £3bn on roads rather than putting it into fighting climate change. Once again, can I suggest we capitalise the new National Investment Bank properly, ignore the UK Treasury, and start investing for our own future.Finally, note that the OBR forecasts, linked to the virus crisis, have permanently buried the Growth Commission report as a policy. For starters, the low growth predicted by the OBR means that an indy Scotland sticking to Andrew Wilson’s fiscal rules (i.e. pay debt off first) would see less than a half point of GDP available for increased public spending. Who is going to vote for independence, in that case, when they can have Mr Sunak signing blank cheques? Also, just wait for the next GERS calculation to factor in Scotland’s (bogus) share of the Chancellor’s accelerating National Debt. The true argument for independence has to be that we have the skills and resources of our own to escape both Dominic Cumming’s technocratic, free market nightmare and the gigantic gamble the Del Boys are taking with the UK. "
Posted 5 years ago #
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