The UK government refused a request from Scottish finance secretary Kate Forbes for £1.7bn of additional funding to support the Holyrood administration’s Budget for 2021-22, it has emerged.
The Scottish Government has will extend the 100% business rates holiday for the whole of the next financial year, following further UK government funding.
The costs of independence to the Scottish economy are likely to be two to three times greater than the costs of Brexit as a result of increased trade costs, a study warns.
Local authorities in Scotland are set to receive £11.6bn from Holyrood next year, an increase of around 3% – plus £90m to freeze council tax – according to draft budget proposals.
Universities in Scotland are expecting to suffer losses of £132m as a result of Covid-19 restrictions and lost accommodation income, according to new analysis.
The UK Shared Prosperity Fund will be allocated by central government ministers, bypassing devolved administrations, according to Treasury chief secretary Steve Barclay.
The Scottish Police Authority was unable to balance its budget for the second year running and remains financially unsustainable, Audit Scotland has warned.
The Scottish Government is to pump an additional £200m of funding into its Affordable Housing Supply Programme next year, to help the construction sector’s recovery from Covid-19.
City of Edinburgh Council’s use of its general fund reserves is unsustainable and will be unable to cover future economic shocks, Audit Scotland has warned.
A Scottish council has launched a 50/50 joint venture energy company with a Swedish state-owned energy firm to supply heating to a new town on the edge of Edinburgh.
A new package of funding and financing flexibilities for local authorities in Scotland will allow councils to use capital receipts to meet funding pressures.
Finance ministers from Scotland, Wales and Northern Ireland have expressed concerns over the financial implications the UK Internal Market Bill will have on devolved governments.
The government has guaranteed £3.7bn of additional funding for Scotland, Wales and Northern Ireland to help the devolved administrations plan their response to Covid-19 in the months ahead.
MSPs have launched an inquiry into Scottish local government finances aimed at working out whether Covid-19 will lead to a “new normal” in the way services are delivered.
An £80bn stimulus package is needed to regenerate the economy and reduce inequality in the wake of the coronavirus pandemic, the Scottish Government has said.
The introduction of a citizens’ basic income in Scotland would require a “massive fiscal effort” by taxpayers to fund a substantial reduction in poverty, according to new analysis.
