Why the application of resource accounting and budgeting did not distort the 2002 strategic review of water charges in Scotland

Arthur Midwinter, Brian Ashcroft

Research output: Contribution to journalArticle

27 Downloads (Pure)


The recent paper by J and M Cuthbert continues the arguments they made earlier in the Commentary that errors in the application of Resource Accounting and Budgeting
led to water customers being “overcharged”. Moreover, whilst the “implementation of the new control regime was meant to be neutral, the amount of borrowing available to the water industry under the new regime was clearly very restrictive compared to the borrowing limits applied to the industry” (Cuthbert and Cuthbert 2003; 2006).
Original languageEnglish
Pages (from-to)60-63
Number of pages4
JournalQuarterly Economic Commentary
Issue number2
Publication statusPublished - Oct 2006



  • Fraser of Allander Institute
  • resource accounting
  • resource budgeting
  • Scottish economics

Cite this