皇冠体育app 2018 Budget: what it means for Scotland
Scottish Secretary David Mundell today welcomed the Chancellor鈥檚 Budget as a great deal for people in Scotland.
皇冠体育app Budget committed 拢1 billion in extra money for Scotland, maintained the freeze on whisky and fuel duty, and saw a 拢150 million investment in the Tay City Region Deal. 皇冠体育app Chancellor also committed to progress growth deals in Ayrshire, Moray and Borderlands.
Today鈥檚 announcements for Scotland include:
- An extra 拢950 million for the Scottish Government, meaning its budget will have grown in real terms to 拢32 billion by 2020.
- 拢150 million for a Tay Cities Deal to support growth and create new jobs.
- A boost to the Scotch Whisky industry, which already accounts for 20% of UK food and drink exports, as Spirits Duty is frozen for the second Budget in a row. This means the price of a typical bottle is 30p lower than if it had risen by inflation.
- A UK-wide 拢10 million Fisheries Technology Fund to help transform the industry and make fishermen in Scotland world leaders in safe, sustainable and productive fishing.
- Opening formal negotiations for a Moray Growth Deal and progressing talks for Ayrshire and Borderlands Growth Deals.
- Continuing support for the oil and gas sector, through maintaining our globally competitive position and further strengthening Scotland鈥檚 role as a world leader in this area.
- Appointing a dedicated manager from the British Business Bank in Scotland, for the first time, to help to reduce geographical imbalances in small businesses鈥� access to finance.
Secretary of State for Scotland David Mundell said:
Today鈥檚 Budget is great news for people in Scotland.
皇冠体育app Chancellor鈥檚 decisions mean there will be an extra 拢1 billion to invest in public services in Scotland. I urge the Scottish Government to use this extra money to support the NHS in Scotland, fix the roads, boost Scotland鈥檚 economy and reinvigorate Scotland鈥檚 high streets.
皇冠体育app freeze on spirits duty will be a boost to Scotland鈥檚 whisky industry, maintaining the favourable tax climate for oil and gas will continue to help support the recovery of the sector, investing in fisheries technology will help support a key Scottish industry, and freezing beer duty will support large and small brewers across Scotland.
I welcome the significant investment - 拢150 million 鈥� in the Tay Cities Deal. 皇冠体育app Deal will drive economic growth in Tayside, boosting jobs and prosperity throughout the region. I also welcome the announcement that we are to open negotiations on a Moray Growth Deal, and we continue to make progress on Growth Deals for Borderlands and Ayrshire. In all, the UK Government is investing more than 拢1 billion in City Region Deals right across Scotland, helping to drive growth in Scotland鈥檚 economy.
On top of our extensive investment in Scotland鈥檚 economy, individuals up and down Scotland will benefit from the ongoing freeze on fuel duty and the increase in personal allowance. Today鈥檚 Budget demonstrates clearly how the UK Government is delivering for people in Scotland.