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13 December 2012

(S4O-01615) Scottish Budget (Autumn Statement)

Stewart Stevenson (Banffshire and Buchan Coast) (SNP):

8. To ask the Scottish Government what impact the chancellor’s autumn statement will have on the Scottish budget. (S4O-01615)

The Cabinet Secretary for Finance, Employment and Sustainable Growth (John Swinney): The Scottish Government will receive £394 million in capital consequentials between 2012-13 and 2014-15 as a result of the autumn statement. However, that will be partially offset by a reduction in the resource departmental expenditure limit of £63.5 million.

The Scottish Government has been calling on the chancellor to boost capital spending for a number of years. The consequentials announced in the autumn statement are therefore welcome. However, it is important to note that even with that additional funding, our capital budget still faces a 26 per cent real-terms cut.

Stewart Stevenson: Is the cabinet secretary aware that the autumn statement shows that over the next five years, the United Kingdom Government plans to increase tax take by reducing tax avoidance to the sum of about £270 million a year? If Scotland had full control over the taxation system, how would that help us to manage our Scottish budget?

John Swinney: Fundamentally, any tax system must deal effectively and comprehensively with any dangers of tax avoidance. That would, without doubt, be a core requirement of the taxation system of an independent Scotland. Indeed, it is a core element of the consultation document that I published earlier this week on tax management issues and the increased responsibilities that will come to the Parliament in relation to stamp duty, landfill tax and the Scottish rate of income tax from 2015 onwards. A rigorous regime for tackling tax avoidance will be at the heart of the measures that we take forward.

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