US EditionPublished • loading... • Updated
SNP’s high tax ‘doom loop costing Scotland £1bn a year’
Audit Scotland says devolved taxes add £1.7 billion but only boost Scottish Budget by £616 million, due to slower wage growth and block grant cuts under the fiscal framework.
- This year Audit Scotland warned slower wage and employment growth in Scotland reduces devolved taxes’ impact, while the UK Government cuts Scotland’s block grant to reflect devolved tax receipts.
- Analysts point to structural factors including the SNP Government’s 2023 Budget’s 48% top rate and the 45% advanced rate on incomes between £75,000 and £125,140, which influence taxpayer behaviour.
- Audit Scotland warns the Scottish Budget has risen since 2015/16 but that growth 'should be significantly higher' and criticises a lack of transparency over addressing the near £5 billion funding gap and the day-to-day gap rising from £1bn in 2026/27 to £2.6bn in 2029/30.
Insights by Ground AI
8 Articles
8 Articles
Coverage Details
Total News Sources8
Leaning Left2Leaning Right2Center1Last UpdatedBias Distribution40% Left, 40% Right
Bias Distribution
- 40% of the sources lean Left, 40% of the sources lean Right
40% Right
L 40%
C 20%
R 40%
Factuality
To view factuality data please Upgrade to Premium
