Meeting of the Parliament 06 December 2023
Could Liz Smith develop the argument about whether the revised fiscal framework adequately provides for the scale of financial shocks that we are experiencing? The finance secretary is having to wrestle with significant levels of inflation that we have not experienced for about 45 or 50 years. The crucial lack of response in the autumn statement demonstrates that, although the fiscal framework can provide all the rules that it wants, if the underlying financial position, as demonstrated by the autumn statement, is not sufficient to support public expenditure, public services in Scotland will feel the pressure as a consequence of Westminster decision making.