Podcast - Scottish Budget 2024 Reaction

Activity: Public Engagement and Outreach › Media Participation

Description

FAI Deputy Directors Emma Congreve and João Sousa join economist Hannah Randolph to discuss the Scottish Budget for 2025-26. We discuss the surprise announcement about mitigation of the two-child limit, spending on housing, and hospitality relief. We conclude by talking through the implications of omitting employers National Insurance rises from the forecasts on public sector pay, including potential issues for local councils in setting their budgets for next year.
Timestamps
(0:21) Summary of main announcements
(1:37) Mitigation of the two-child limit
(3:42) What has happened with the budget for housing?
(5:15) Hospitality relief – similar to relief in England & Wales?
(8:30) Implications of omitting employer NICs from forecasts on public sector pay
(13:43) Income tax and what the SFC forecasts tell us about future years
(19:22) Further analysis – what to look out for
Period6 Dec 2024
Degree of RecognitionNational

Keywords

  • Scottish economy
  • Scottish budget
  • Fiscal policy

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