Meeting of the Parliament 19 December 2023
In the face of a 10 per cent cut to our capital budget from the UK Government over the next five years, we are taking the action that we need to take to prioritise investment in our vital infrastructure. There is nothing erratic about making sure that our tax decisions raise £1.5 billion of additional revenues that would not have been there had we followed UK Government tax policy. As I set out in my statement, we are very clear about investment in the front line.
Alex Cole-Hamilton mentioned local government. The total resource budget has increased by £840.3 million since the 2023-24 budget, which is a 6.8 per cent cash increase and a 5 per cent real-terms increase. On top of that growth, the budget also makes available up to £144 million to support councils to freeze their council tax. In total, the budget makes available more than £14 billion of funding to councils, should they agree to freeze their council tax. That is a record level of funding to local government—more than £14 billion. Alex Cole-Hamilton should have looked at the figures before he came to the chamber.