scottish budget

Participants:

• Dr Hannah Randolph, Economist, Fraser of Allander Institute, University of Strathclyde
• Professor Mairi Spowage, Director, Fraser of Allander Institute, University of Strathclyde
• João Sousa, Deputy Director, Fraser of Allander Institute, University of Strathclyde

Timestamps:

(00:25) The challenging backdrop to the Scottish Budget

(05:28)  The impact of the Autumn Statement on the Scottish Budget

(08:33) Spending commitments from the Scottish Government since the Medium-Term Financial Strategy

(13:55) Options for reforming Scottish Income Tax

(22:51) The Scottish Government's constraints on borrowing

(26:49) Main areas to look out for on Budget Day

Chair: Ciara Crummey, Economist, Fraser of Allander Institute
Guests: Professor Mairi Spowage, Director of the Fraser of Allander Institute

Timestamps:
(00.22) Key changes announced in the December budget
(03.22) Were there any surprise announcements?
(08.14) Effect on consumers and businesses
(11.18) How has the budget been received?
(13.14) How this ties in with the UK budget?

Chair: Allison Catalano, Economist, Fraser of Allander Institute

Guest: Professor Mairi Spowage, director of the Fraser of Allander Institute
 

Timestamps

(00:30) Updates on the Scottish labour market and United Kingdom GDP 

(01:45) Is the UK already in a recession?

(02:40) Drivers of poor growth

(4:05) The impact of Thursday's Autumn Budget Review on recession forecasts

(6:10) Additional expected features in the upcoming fiscal statement

(7:50) The impact of the Autumn Budget review in Scotland

Chair
David Eiser, Fraser of Allander Institute

Guests
Mairi Spowage, Fraser of Allander Institute
Steve Williams, Deloitte

Timestamps
(00:35) – What are the main findings in our Commentary today?
(02:30) – How has the Omicron variant impacted the FAI's forecasts?
(05:00) – Steve, Mairi has talked about the impact that restrictions could have on businesses in particular sectors. Given you work with a lot of businesses, what are you hearing about their resilience?
(07:47) – What capacity does the Scottish Government have to support businesses?
(12:39) - Mairi we discuss in the commentary that this all sets the economic context for the Scottish Budget… how did the current outlook for the economy feed in to this?
(17:25) - The BoE has just announced that they are increasing the interest rate, is this a surprise, Mairi?
(19:50) - Steve, have you had a chance to consider the legacy of COP for Deloitte in Scotland?
(24:13) - Coming to you Mairi, what does government need to do to tackle these longer-term challenges moving forward?
(26:38) - Steve, how could inflation impact the outlook for the economy?

Chair
Graeme Roy, Fraser of Allander Institute 

Guests
Mairi Spowage, Fraser of Allander Institute 
David Eiser, Fraser of Allander Institute 

Timestamps

(00:27) What we know about how the economy is performing

(01:50) How are different sectors faring

(03:05) Global effects

(03:39) What will the real world effects be?

(04:50) What are business telling us about how they are faring?

(07:01) What will be the effects as the Job Retention Scheme is removed? 

(07:35) Policy Response

(10:18) What do we know about the Scottish Budget and how consequentials have been spent

(12:10) What is the outlook for the Scottish Budget?

(13:51) When might we know more about future budgets?

(17:37) Fiscal Framework Implications