SCDI Response to Scottish Budget 2021
Commenting on today’s Scottish Budget SCDI Chief Executive, Sara Thiam, said:
“With the UK budget now taking place in March and in the face of ongoing challenges to businesses and households associated with our departure from the EU and COVID-19, we welcome today’s budget. No further changes on income tax and measures to support businesses including business rates relief along with the extension of the Strategic Business Support scheme are particularly welcome. It is vital this support is continued until the economy is clearly in recovery and we call on the UK Chancellor to reaffirm his commitment to extending the Job Retention Support scheme and other business support measures beyond three months to avoid widescale business failures and job losses. We look forward to further detail on UK and Scottish government plans to re-open the economy and restart our economic recovery.
We very much welcome the commitment to the National Infrastructure Mission. The updated economic forecasts from the Scottish Fiscal Commission show that Scotland’s economic growth is not expected to return to pre-pandemic levels until 2024. This makes even more important the delivery of commitments set out to revitalise town centres, increase connectivity and support green jobs.
In a year when we have applauded the dedication of all key workers SCDI welcome proposals to increase the pay of public sector workers and the additional funding for local authorities in today’s draft budget.”