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Insider UK
Business
Craig Paton & Peter A Walker

Swinney urges MSPs to back ‘meaningful and progressive’ budget

The Deputy First Minister has urged MSPs to back the Scottish Government’s “meaningful and progressive” tax and spending plans, ahead of the first debate on the budget.

The draft budget - the first step in the process in Scotland - was published in December, against the backdrop of growing economic uncertainty, high inflation and spiralling costs.

John Swinney set out plans to raise taxes on higher earners, with the top rate threshold reducing from £150,000 to £125,140 - as well as an increase of 1p to the higher and top rates to 42p and 47p respectively.

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