Higher earners in Scotland to pay more in taxes
Higher earners in Scotland to pay more in taxes
Scottish Finance Secretary Shona Robison announced a new 45% tax rate, as part of her budget.
It will apply to earnings between £75,000 and £125,140.
In addition, the top rate of tax for the highest earners is increasing from 47% to 48%. Those earning £100,000 will paying more than those in the rest of the UK.
Shona Robison also confirms plans for a council tax freeze.
Ms Robison begins her budget statement saying these are “tough times”. She had responsibility with plugging an estimated £1.5bn hole in Scotland’s books.
The finance secretary told the chamber: “We’re fighting Westminster austerity with one hand tied behind our back.”
Councils given £1.5m to eliminate school meal debt for pupils across the country. Free meals continue for primary 1 – 5 schoolchildren.
The Fraser of Allander Institute says the government is facing a funding shortfall of about £1.5bn.
Scottish Labour describe the budget as “chaotic”, while the Scottish Conservatives say the government is not taking responsibility for Scotland’s fiscal circumstances.
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