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Chamber

Meeting of the Parliament 26 November 2025

26 Nov 2025 · S6 · Meeting of the Parliament
Item of business
Economy

I am afraid that I do not have any time left in the short time that is available.

It remains deeply disappointing that energy bills are £500 higher than the Labour Party promised before the UK general election. That has contributed to the cost of living crisis, which has also had an effect on our high streets and hospitality sector.

I must also mention the significant impact of Brexit, which has caused the primary and most damaging impact on the economy and public finances in the past decade. The conspiracy of silence from Labour and the Tories on the damage that Brexit has caused remains jaw dropping. The House of Commons library estimates that Brexit is costing the Treasury up to £90 billion a year in lost revenue, and that, for the average Briton, there has been a hit to GDP per head of up to £3,700. Brexit has generated significant barriers to trade and investment. The opportunities that would be presented by open access to a market of 450 million people are enormous for an outward-looking economy such as Scotland’s, which is why this Government believes that Scotland must rejoin the European Union as an independent nation.

Scotland is a country of tremendous opportunity, and this Government’s economic strategy outlines how we will utilise our strengths to do everything in our power to grasp that opportunity. We want the ability to ensure that Scotland’s renewable energy wealth delivers lower bills for households and businesses, a transformational competitive advantage for Scotland’s economy, restored membership of the EU and full self-government with independence, which will allow us to take control of our own economic affairs. That golden combination is how we will transform our economy, improve the lives of our people, protect the planet and put more money in people’s pockets.

I move amendment S6M-19895.3, to leave out from “and address” to end and insert:

“, including through delivering investment that can be utilised for public services such as Scotland’s NHS and to help Scotland’s journey to net zero; further believes that a fiscal regime for offshore industries must support a just transition for oil and gas workers, and support the development of Scotland’s key renewables sector; notes that UK Government tax changes on family farms and employer national insurance contributions have impacted Scotland’s economy, and calls on all parties to support efforts to rejoin the European Union and the European Single Market, recognising that Brexit has been the primary and most damaging impact on the economy and public finances in the last decade.”

16:14  
References in this contribution

Motions, questions or amendments mentioned by their reference code.

In the same item of business

The Deputy Presiding Officer (Annabelle Ewing) SNP
The next item of business is a debate on motion S6M-19895, in the name of Craig Hoy, on growing Scotland’s economy. I invite those members who wish to speak ...
Craig Hoy (South Scotland) (Con) Con
Today, the chickens came home to roost for the Chancellor of the Exchequer. In what has been described as “shambolic” and “a fiscal fandango”, Rachel Reeves ...
Michael Marra (North East Scotland) (Lab) Lab
Will the member take an intervention?
Craig Hoy Con
I will not give way at this point in time. Markets have heard the mood music and have responded in kind—
Michael Marra Lab
The pound is up, borrowing is down.
Craig Hoy Con
—with the savage cost of servicing our long-term debt.
Michael Marra Lab
Pound is up, borrowing is down.
The Deputy Presiding Officer SNP
Mr Marra, please let the member speak.
Craig Hoy Con
If Mr Marra were to look at what we are paying on the gilt market relative to our competitors, he would realise that the markets have no confidence in this G...
Michael Marra Lab
It is cheaper than this morning.
Craig Hoy Con
Mr Marra says that it is cheaper than this morning—it was extremely bad this morning. I will leave Mr Marra to make his own case for this disastrous budget. ...
The Deputy First Minister and Cabinet Secretary for Economy and Gaelic (Kate Forbes) SNP
Will the member take an intervention?
Craig Hoy Con
If I can get the time back, Deputy Presiding Officer.
The Deputy Presiding Officer SNP
There is not a lot of time, but we will see how we go.
Kate Forbes SNP
Could the member remind us which party introduced the EPL? That is all that I want to know. Interruption.
Craig Hoy Con
The Deputy First Minister should have been here earlier. I believe that she asked for it. Which party brought in the presumption against the issuing of furth...
The Minister for Public Finance (Ivan McKee) SNP
There are many reasons to be optimistic about Scotland’s economic performance and potential. We have a fundamentally strong and resilient economy. Since 2007...
Murdo Fraser (Mid Scotland and Fife) (Con) Con
Will the minister take an intervention?
Ivan McKee SNP
I do not think that I have time.
The Deputy Presiding Officer SNP
There is no time in hand—it is up to the member.
Ivan McKee SNP
Be very quick.
Murdo Fraser Con
If what the minister says is correct, why did Professor Sir Anton Muscatelli make the point in his report that was published just two weeks ago that, had the...
Ivan McKee SNP
If we look back at the data for the most recent full year—that is, 2024—we will see that the Scottish economy grew faster than the UK economy as a whole. The...
Fergus Ewing (Inverness and Nairn) (Ind) Ind
rose—
Ivan McKee SNP
I am afraid that I do not have any time left in the short time that is available. It remains deeply disappointing that energy bills are £500 higher than the...
Michael Marra (North East Scotland) (Lab) Lab
Today’s budget from the Labour UK Government is a budget for the good of ordinary people across our country, and Labour values run right through it. It will ...
Craig Hoy Con
Will the member take an intervention?
Michael Marra Lab
No, thank you, sir. My thanks end there. The Tory motion is an exercise in brass-necked gaslighting of our country. It was the Tories who crashed the econom...
Stuart McMillan (Greenock and Inverclyde) (SNP) SNP
Made a request to intervene.
Michael Marra Lab
I am happy to give way to Mr McMillan.