Joint Exchequer Committee (Scotland) – 3 February 2022
Published 9 March 2022
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Chief Secretary to the Treasury Simon Clarke and the Scottish Government’s Cabinet Secretary for Finance and the Economy Kate Forbes held talks on 3 February to discuss the upcoming review of the Scottish Government’s Fiscal Framework.
The ministers agreed they were close to finalising arrangements for an independent report on the Scottish Government’s Block Grant Adjustment arrangements which will inform the review.
They shared the ambition to get this first stage launched as soon as possible.
The Chief Secretary and the Cabinet Secretary also agreed that the Fiscal Framework review should be guided by principles set out in the Smith Commission agreement.
Both ministers expressed a desire to avoid unnecessary delays to starting the Fiscal Framework review, and agreed to continue a dialogue and joint preparations for the review while the independent report is underway.
Ministers also discussed financial impacts relating to the income tax personal allowance.