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Scotland

Scotland’s GDP to grow more slowly than UK over 50 years, projections suggest

Scotland’s GDP is projected to grow more slowly than the UK over the next 50 years, according to the Scottish Fiscal Commission (SFC). The independent body, which publishes economic and fiscal projections for Scotland’s economy to inform Government ...

30 Aug 2022 at 17:39

Scotland

‘No silver bullet’ to deal with long-term fiscal gap, MSPs told

There is “no silver bullet” such as pension reforms which will address Scotland’s annual budget shortfall in the long term, MSPs have heard. A report from the Scottish Fiscal Commission (SFC) last week said Scotland could face an annual budget ...

28 Mar 2023 at 12:54

Scotland

Weaker economic growth costing Scottish Government almost £700m, say experts

The Scottish Government could be losing out on almost £700 million of revenue from income tax because of weaker economic growth north of the border. The Scottish Fiscal Commission (SFC) – which as part of its remit forecasts how much tax ...

25 Jan 2023 at 17:07

Scotland

Scottish Government faces challenge in balancing budget, say experts

The Scottish Government is “now facing a challenge in balancing its budget” due to financial pressures, the Scottish Fiscal Commission (SFC) has said. Ministers north of the border are required to broadly balance the books every year ...

27 Aug 2024 at 14:43

Scotland

Ageing and unhealthy Scots pose ‘twin challenge’ for future budgets, says report

Scotland could be facing an average budget gap of £16 billion a year over the coming decades – with experts saying this could be the “worst scenario” if Holyrood ministers fail to improve the health of the country’s increasingly ...

08 Apr 2025 at 17:40

Scotland

Forecaster should ‘broaden and deepen’ spending analysis, review finds

Scotland’s independent forecaster should “broaden and deepen” its spending analysis, a review has said. The Scottish Fiscal Commission (SFC) is tasked with assessing the Government’s tax and spending plans, as well as ...

10 Mar 2025 at 14:06

Scotland

Government to reduce public sector workforce to avoid near-£5bn black hole

The Scottish Government aims to reduce the public sector workforce by 0.5% each year for the rest of the decade, the Finance Secretary has said. Announcing the Government’s medium-term financial strategy, Shona ...

25 Jun 2025 at 17:31

Scotland

‘Difficult choices’ ahead for next Scottish Government to balance books – expert

The winners of next May’s Holyrood election will face “really difficult choices” balancing the budget, experts have warned – with Scotland facing a near £5 billion financial black hole by the end of the decade....

26 Aug 2025 at 12:44

Scotland

Cost of net zero could ‘put pressure’ on Scottish budget, report warns

Reaching net zero could cost the Scottish Government an average of £700 million a year until 2050, a new report has revealed – with experts warning the higher level of public spending needed north of the ...

16 Sept 2025 at 16:30

Scotland

Economic policy post devolution ‘more style than substance’, experts say

Economic policy in Scotland post devolution has often been “focussed upon style rather than substance” a group of experts – including a former chief economic adviser to the Scottish Government – has ...

11 Nov 2024 at 20:35

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