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Economy

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How will the changes to Scottish Income Tax affect me?

The Scottish budget will ensure that 7 out of 10 income tax payers in Scotland pay less tax next year.

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Does the SNP support public ownership?

Under successive Labour and Tory UK governments, Scotland was denied the power to allow a public-sector bid for rail franchises in Scotland. The SNP fought for and won that power. We are now taking forward our manifesto commitment to ensuring a public sector bid for future rail franchises. Under the SNP our NHS will always…

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How is the SNP Scottish Government tackling nuisance calls?

While regulation of nuisance calls and texts is reserved to the UK government, the Scottish Government is committed to doing all it can to tackle the growing problem. In 2016, the Scottish Government created Scotland’s Nuisance Calls Commission to protect vulnerable people from scams and unscrupulous business practices. The Scottish Government has since published an…

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What has the Scottish Government invested in city deals in Scotland?

The Scottish Government is injecting over £1.3 billion into City Region Deals in Glasgow, Edinburgh, Aberdeen, Inverness and Stirling – a third more than the UK government. And now we are committing a further £200 million to the Tay Cities Regions Deal. Despite the support from the Scotttish Government, the UK government’s investment in the…

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What is the SNP policy on banking sector reform?

The SNP supports the creation of a robust regulatory framework to ensure that the UK economy is not vulnerable to a re-run of the 2008 financial crisis. The SNP will support measures including the reinstatement of the reverse burden of proof which, before being removed by the Tories, required senior bank managers to demonstrate they…

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How is the SNP supporting the economy of the South of Scotland?

We will introduce legislation to establish a South of Scotland enterprise agency to bring a fresh approach to business support and economic growth in the region. An interim South of Scotland enterprise body has already been set up and has already allocated £7.7 million to projects in the region. While the UK government has, time…

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What is the SNP policy on National Insurance?

At a time when household budgets are under increasing pressure, SNP MPs will oppose any proposed increase in National Insurance.

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What is the SNP policy on VAT?

At a time when household budgets are under increasing pressure, SNP MPs will oppose any proposed increase in Value Added Tax.

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What is the SNP policy on business rates and taxes?

In government, we’re delivering the most competitive package of support for small businesses anywhere in the UK. Since we introduced the Small Business Bonus scheme, small businesses have saved £1.5 billion. We have now expanded the scheme so that 100,000 businesses pay no rates at all. This year we have delivered an extra £100 million…

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How are the SNP helping to improve Scotland’s economic performance

Since 2007, we have taken real action to protect jobs, boost economic growth and improve productivity. More people are in work than when the recession hit, unemployment is at a near historic low, our economy is growing faster than the UK as a whole, exports are up and our higher education R&D spend is amongst…

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How will the SNP support and improve public services?

Our public services play a vital role in shaping both our economy and our society by making a major contribution to the wellbeing of our communities, promoting prosperity and enabling people to participate more fully in society.

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How will the SNP develop innovation in Scotland?

Our economy is now in a sustained period of growth and employment is above pre-recession levels. The future health of our economy, however, lies in improving our productivity through greater innovation.

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What is the SNP policy on Income Tax?

The SNP believe that the tax burden should be proportionate to the ability to pay.  From April 2016, the UK Government will devolve some income tax powers to Scotland, and the SNP Scottish Government is required for the first time to set a Scottish rate of income tax.

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What do the SNP propose as an alternative to austerity?

SNP MPs will demand an end to austerity. We have a responsible plan that would balance the current budget by 2021-22, stabilise borrowing and see debt falling by 2019-20, while also freeing up additional resources to bring an end to austerity. This will allow us to support a halt to further social security cuts, an…

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What is the SNP doing to tackle tax avoidance and evasion?

The powers to tackle avoidance and evasion for almost all taxes, including Income Tax, lie at Westminster. We have consistently called for greater tax transparency and stronger action from the Tory government on avoidance and evasion. According to HMRC, £6.9 billion of tax revenue was lost to public services in 2015-16 because of tax avoidance…

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