The fiscal framework : 2021 review
Eiser, David and Roy, Graeme (2019) The fiscal framework : 2021 review. Fraser of Allander Economic Commentary, 43 (2). ISSN 2046-5378
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Abstract
Over the past few years, the Scottish Parliament has been taking on significant additional fiscal and economic responsibilities. Further responsibilities are still to be transferred, principally in the form of major social security powers. Around half of VAT revenues were due to be assigned from next year (2020/21), but given concerns around the robustness of the methodology developed to estimate VAT receipts in Scotland, this appears increasingly likely to be delayed. In around two years’ time, the process for how these powers are operationalised – the Fiscal Framework – will be reviewed by the UK and Scottish Governments. Whether the review will be as fraught as the negotiations to reach an agreement back in 2016 remains to be seen.
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Item type: Article ID code: 68593 Dates: DateEvent26 June 2019Published24 June 2019AcceptedSubjects: Social Sciences > Economic Theory
Political Science > Political theoryDepartment: Strathclyde Business School > Economics
Strathclyde Business School > Fraser of Allander InstituteDepositing user: Pure Administrator Date deposited: 26 Jun 2019 08:45 Last modified: 13 Nov 2024 01:16 Related URLs: URI: https://strathprints.strath.ac.uk/id/eprint/68593