Date lodged: 6 March 2018
To ask the Scottish Government, further to the answers to questions S5W-14315 and S5W-14337 by Derek Mackay on 20 and 27 February 2018 respectively, in light of the first response stating that its income tax policy "will have no impact on the economy" and the latter stating that the policy would "not...have a significant impact", whether it will confirm what level of economic impact the policy will have, including on the retail sector.
Answered by: Derek Mackay 14 March 2018
As paragraph 2.152 of the Scottish Fiscal Commission’s report has stated, the Scottish Government’s policies “are not of a large enough magnitude to have a significant aggregate impact on the Scottish economy”. Next year, 70% of Scottish taxpayers will pay less income tax than they do this year, for a given income. The SFC's report can be found here: http://www.fiscalcommission.scot/media/1196/scotlands-economic-fiscal-forecasts-publication.pdf .