Description
Finger pointing begins as Labour claim they found a "black hole" in public finances. On Monday, Chancellor Rachel Reeves announced changes to the Winter Fuel Payment and later said the new government would have to raise taxes due to the discovery of a £22bn "black hole" in the public finances from the last Government, which former Chancellor Jeremy Hunt strongly denies. Is this political theatre or was it a genuine surprise to the incoming government and related public finance bodies like the OBR? Is this austerity, as some opposition parties have claimed, or are the government actually spending more than previously? And what does this mean for the money coming to Scotland? Before Podlitical breaks for recess, the team untangle this week's news, and look ahead to what we can expect in September and beyond when the Parliaments return.
Farmers protest inheritance tax changes, and budget manoeuvres continue in Holyrood. This week saw thousands of farmers descend on the capital to protest Labour's changes to inheritance tax, while Labour claims the existing rules around inheritance tax aren't fair nor sustainable. In Holyrood,...
Published 11/21/24
The National Care Service is delayed and the build-up to Holyrood 2026 continues. With the announcement that the National Care Service has been delayed, but not dropped according to the Scottish Government, and the original vision set out by former First Minister Sturgeon looking further away,...
Published 11/14/24