Reducing number of tax bands would lead to swingeing cuts in public expenditure, says Swinney

by Bill Heaney

The internationally respected Institute of Chartered Accountants of Scotland has just stated that Scotland’s income tax is overly complex and is making our economy less competitive, according to Malcolm Offord, leader of Reform UK.

He told First Minister’s Questions at Holyrood today: “That mirrors Reform Scotland’s policy position as set out in our recent manifesto. Will the First Minister now graciously accept that we have won the argument on tax?”

Stephen Flynn, pictured right, the SNP Cabinet Secretary for Economy, Tourism and Transport, and much-tipped successor to John Swinney, should the axe fall on the First Minister in the wake of the Murrell scandal, interjected: “Has Nigel Farage paid the tax on his £5 million?”
But for Malcolm Offord, this was no laughing matter — “Mr Flynn, I was asking the First Minister to be gracious. I do not expect that from you.

“Will the First Minister now implement Reform Scotland’s plan to cut six income tax bands to three and, further, to reduce each band by 1p below the rate in England?”

John Swinney replied: “That is a daring and bold attempt by Lord Offord to get me to accept his point of view, but I am afraid that I will resist the temptation. If I were to accept his point of view, I would have to accept swingeing cuts in public expenditure, and I have no intention of doing that.”

Malcolm Offord countered: “It is early days in the seventh session of the Holyrood Parliament, but in all the preliminary debates so far there has been one dominant theme—just referred to by the First Minister—which is the demand to spend more money.

” If the First Minister wants more money for public services, does he accept that he will raise more tax revenue if he cuts tax rates to allow the economy to grow?”

The First Minister told the Loch Lomondside land owner: “I do not accept that model, because the reality is that doing what Malcolm Offord wants me to do would have to involve significant, immediate reductions in public expenditure, which would be enormously damaging to people who rely on our public services.

“Mr Offord is correct that these are early days in this session of Parliament. As he knows, my party’s manifesto set out a willingness to do several things on tax.

“We set out that we would not increase the rates or the number of bands, and we gave an absolute commitment that the majority of taxpayers in Scotland would pay less in taxation than taxpayers in the rest of the United Kingdom. That is our sustained position, and we must deliver that.

“We also said that, over the course of this session of Parliament, we would look for opportunities to simplify the tax system. As Mr Offord may have picked up from the comments that I made publicly at a Confederation of British Industry event a couple of weeks ago and at the Prosper conference this morning, I lay the heaviest emphasis on the importance of the Government taking measures—which we will take—to encourage and motivate growth in the economy.

” If we have a strong economy, we can have strong public services. That is the social democratic contract that I deliver to the people of Scotland.”

Malcolm Offord maintained: “It is well proven around the world that too-high taxes drive away the highest taxpayers. We have a live example of that today: Nicola Sturgeon is a very wealthy Scot who has cut her tax burden by paying herself through dividends, thus avoiding pay-as-you-earn and national insurance, and is now moving to London to enjoy lower English taxes.

“Does the First Minister agree that that point proves that Scotland’s record high taxes are driving away our most talented Scots? Why on earth did she leave before at least hearing the First Minister’s cunning plan for a second independence referendum? Is it simply that she does not want to inhabit the same country as Stephen Flynn?”

The First Minister quipped: “I think that she would be much happier to live in the same country as Stephen Flynn than she would be to live in the same country as Malcolm Offord and Reform.”
He added: “I refer Malcolm Offord to an assessment of his tax plans. The Institute for Fiscal Studies describes Reform’s taxation and spending plans as ‘not fiscally credible” That is essentially a summary of what I have just said to Malcolm Offord.
“His tax plans will have the effect of dramatically reducing the investment available for public expenditure. I am all for a vigorous debate in this Parliament about the priorities that we have to take forward, but I have listened to some of Mr Offord’s colleagues over the past few days and weeks and I have heard several calls for more expenditure to be undertaken.
“I heard the other day that there should be more money for local government and the health service. We cannot have a realistic debate about priorities if Reform is saying, on the one hand, that we should cut taxes by £2 billion and, on the other hand, that we should spend more on health and local government.
“Those two statements are completely and utterly incompatible, which is why the IFS says that Reform’s plans are simply fiscally incredible.”

Leave a Reply