Reaction to UK budget delay

Deputy First Minister John Swinney

COMMENTING on the delay to the UK Government’s budgetary plans announced earlier today by the Chancellor, Deputy First Minister John Swinney said:

“This is an unwelcome and unnecessary delay by the UK Government which simply creates more economic uncertainty at a time when households, businesses and the wider economy all need as much certainty and stability as possible.

“It risks impacting on the timing of the Scottish Government’s own budget plans as we will now need to wait two and a half weeks longer than previously proposed to see what the effect of UK tax and spending plans will be on devolved budgets.

“Above all, it is essential that the Chancellor heeds warnings not to impose renewed austerity, which would only worsen the extreme pressures already being faced by people and businesses as a result of inflation, rising interest rates and other economic factors. “The Scottish Parliament will be kept informed regarding the timing of the Emergency Budget Review statement and will be consulted on any potential impact the UK Government’s delay will have on the timing of the 2023-24 Scottish Budget.” 

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