JOHN Swinney has said the Scottish Government will “reflect carefully” on tax decisions announced by the UK Chancellor – but insisted the approach will be based on “fairness”.
Scotland’s Deputy First Minister – who has taken on the finance brief while Finance Secretary Kate Forbes is on maternity leave – said the tax cuts announced by Kwasi Kwarteng on Friday will have “significant” consequences.
The Chancellor announced a raft of measures, including cutting the basic rate of income tax to 19p in the pound and scrapping caps on bankers’ bonuses – plans that Swinney said put the UK’s finances in “a very dangerous place”.
