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Independent report into funding for tax and welfare devolution - Perthshire Chamber of Commerce

Independent report into funding for tax and welfare devolution

An assessment will be carried out into how funding for the Scottish Government is calculated.

During a meeting of the Joint Exchequer Committee (JEC) the UK and Scottish Governments announced an independent report has been commissioned to evaluate the block grant adjustment funding arrangements for tax and welfare devolution against the principles agreed by the Smith Commission.

The report is expected to be delivered within four months, and its findings will inform a broader review of the Scottish Government’s Fiscal Framework.

The JEC is the intergovernmental ministerial forum to discuss financial and fiscal matters relating to the Scotland Act 2016 and accompanying Fiscal Framework.

The original Fiscal Framework agreement states that a review of the framework should occur after a parliament's worth of experience, and that the review should be preceded by an Independent Report presented to both governments. The review will begin shortly after the report has been completed.

The independent report will be co-authored by Professor David Bell (University of Stirling), David Eiser (Fraser of Allander Institute at the University of Strathclyde) and David Phillips (Institute for Fiscal Studies), who are leading experts and have published extensively on the Fiscal Framework.

A call for evidence from stakeholders is planned to open at the end of July and close by mid- September 2022. Further details on how to contribute will be announced in due course.

FROM SCC NETWORK

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