Meeting of the Parliament (Hybrid) 08 June 2022
I absolutely agree with Daniel Johnson. The £80 million in lost revenue that has been quoted is just the tip of the iceberg. It will represent a lost opportunity to grow our economy further, on top of all the social disruptions that I have laid out.
The Government has also been good at wasting opportunities. When he was First Minister, Alex Salmond often spoke of making Scotland the “Saudi Arabia of renewables”. ScotWind was the best chance for generations for the Scottish Government to bring serious money into the public purse, but, alas, it sold it on the cheap after inexplicably deciding to cap how much companies were allowed to pay in the offshore wind auction. That was despite comparable auctions south of the border and around the world showing that it is a fiercely competitive market. Who on earth puts a cap on something that they are selling in those circumstances?