E3: Scotland's Money; The TRUTH Revealed

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Public Knowledge

Sepi Golzari-Munro

7 episodes

1 day ago

Revealing how Scotland & the UK really work, uncovering the deals & relationships shaping the country we find ourselves in today… &, for better or worse, the kind of country we could find ourselves in tomorrow. Together we shine a light on how decisions shaping your life are made. We break down the big stuff & make it make sense, one episode at a time. Join us. Let’s build a movement of people bringing public knowledge to light. Because some things should never be kept in the dark.

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E3: Scotland's Money; The TRUTH Revealed - Part 1

Public Knowledge

26 minutes 27 seconds

9 months ago

E3: Scotland's Money; The TRUTH Revealed - Part 1

#money #scotland #economy #growth #public #finance #barnett #fiscal #tax #revenue #spending #educateyourself #educate #business #investment

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Where does Scotland’s money come from, and why should you care? Part 1!

In this episode of Public Knowledge, Professor Mairi Spowage gives us the answers!

Speaking with Sepi Golzari-Munro in part 1 of a two part interview, she reveals the truth about the money that flows into the Scottish Government's coffers, the famous Barnett Formula and the link between economic growth and public services. They explore the impact of tax on individual behaviour as well as business investment and where Scotland might need more money per person, than the rest of the UK.

If you’re curious about how taxes, government funding, and policies shape your everyday life, this episode is for you!

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Timecodes

00:00 Introduction

02:30 Why care about Public Finances?

05:30 Public Finances Health Check

07:20 Sources of Scotland's Public Finances

09:58 Income Tax in Scotland

11:12 Penny Wise; Pound Foolish?

14:19 Tax: Impact on Investment & Growth?

16:03 Mythbusting - No Growth/De-Growth

17:48 Direct Link: Growth & Public Services

19:08 'FISCAL' : WTF does it mean?!

20:19 Barnett Formula: History & Operation

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Mairi Spowage is a Professor of Practice and Director of the Fraser of Allander Institute.

Her areas of expertise include economic policy, economic statistics, national accounting, public sector finances, and economic and fiscal forecasting. She is regularly asked to give evidence on economic and fiscal matters at Parliamentary Committees, such as the Finance and Constitution Committee and the Economy, Jobs and Fair Work Committee.

Previously, Mairi was the Deputy Chief Executive of the Scottish Fiscal Commission and the Head of National Accounts at the Scottish Government, and has over 15 years of experience working in different areas of statistics and analysis, including transport, household surveys and performance measurement.

More information about Mairi and her work can be found at: https://pureportal.strath.ac.uk/en/persons/mairi-spowage

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