The Exchequer Secretary has said that the Government will be bringing the Scottish rate of income tax into the consideration, and I presume that that is still to allow borrowing when the actual figure there is less than the forecast. But that does not address the fundamental issue that if there is a forecast fall, the Scottish Parliament will take the entire hit, because there is still no cyclical borrowing—borrowing where a forecast fall actually happens.
Scotland Bill
Proceeding contribution from
Stewart Hosie
(Scottish National Party)
in the House of Commons on Monday, 14 March 2011.
It occurred during Debate on bills
and
Committee of the Whole House (HC) on Scotland Bill.
Type
Proceeding contribution
Reference
525 c120 
Session
2010-12
Chamber / Committee
House of Commons chamber
Subjects
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Timestamp
2023-12-15 15:02:01 +0000
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