The Scottish Government will struggle to balance its budget after tying its hands with generous public sector pay deals, Scotland’s independent economic forecaster has warned.
Income tax is set to generate £700m more for the Scottish Government next year than previously expected, but only a small portion of this is from the hike for high-earners announced in this week’s...
Scottish ministers have overstated the level of funding in the 2023-24 draft budget, after falling to account for top-ups in this year’s budget, economists have claimed.
The Scottish Government has outlined plans to increase taxes on high earners and provide more funding to local authorities next year to help manage pressures stemming from the cost-of-living crisis.
Local authorities in Scotland are set to receive £11.6bn from Holyrood next year, an increase of around 3% – plus £90m to freeze council tax – according to draft budget proposals.
The Scottish Government is to press for greater borrowing powers to deal with the increasing fiscal risk arising from the devolution of tax and welfare powers, after it borrowed £200m to pay for its...
The Scottish government has proposed no change to its existing five-band system of income tax in a draft budget which prioritised investment in public services and action to tackle climate change.
The Scottish budget has passed its final parliamentary hurdle as MSPs backed measures that will see the tax gap widen between Scotland and the rest of the UK.
