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In the current environment of high inflation and rising interest rates, tax cuts at the upcoming Budget would be …
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The Scottish Government's overall budget depends both on funding from the UK government, which is determined largely via the Barnett formula, and on its own devolved revenues, borrowing and reserves, which are governed by the Fiscal Framework. This chapter of the report looks at the funding...
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than expected in the May 2022 Scottish Resource Spending Review. Notwithstanding the recent sharp drop, inflation has still …
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