THE minister in charge of Scotland’s finances has said he cannot promise he can insulate the country from the “fiscal recklessness” of the UK Government.
Deputy First Minister John Swinney – who has taken control of the finance brief while Finance Secretary Kate Forbes is on maternity leave – told the Finance and Public Administration Committee he was worried that a drive to create “market certainty” after a period of upheaval could mean a dip in UK Government spending on public services.
Markets spiralled in September after Chancellor Kwasi Kwarteng announced plans the Government hoped would drive economic growth, including tax reforms, the end to the cap on bankers’ bonuses and a cut to stamp duty.
