Economic Priorities

That the Parliament is deeply concerned by many of the trends published within the recent analysis of the Scottish economy undertaken by the Scottish Fiscal Commission; is concerned, in particular, by the revised downward growth estimates and decline in real earnings, and that the Scottish Government has imposed higher tax rates on Scotland without increasing revenues, compared with the block grant adjustment, due to the ongoing issues relating to weaker productivity and inflexibilities within the Scottish labour market; is further concerned by the real-terms cuts of more than £1 billion announced by the Scottish Government, which will affect local government, the police and higher education, among key services; calls on the Scottish Government to commit to ensuring that no one in Scotland pays more income tax compared with people in the rest of the UK, when finances allow, ensuring that policies to deliver long-term growth, including collaborative projects with the UK Government such as city deals, are a priority within Scottish Government spending plans; calls for a finance bill mechanism to be introduced to evaluate the effectiveness of public spending, and further calls for plans for a second independence referendum to be taken off the table.