UK and Scottish governments agree first stage of the Fiscal Framework Review聽
皇冠体育app UK Government and Scottish Government today (14 October 2021) agreed in principle the scope of the independent report that will inform the subsequent review of the Scottish Government鈥檚 Fiscal Framework.聽
During an in-person meeting in Westminster, Chief Secretary to HM Treasury Simon Clarke and the Scottish Government鈥檚 Cabinet Secretary for Finance and the Economy Kate Forbes agreed to commission an independent report on the Block Grant Adjustment arrangements, including a call for stakeholder input, prior to a broader review of the Fiscal Framework. 皇冠体育app Ministers will confirm these arrangements in writing.聽
Chief Secretary to the Treasury Simon Clarke said:聽
After our first in-person meeting it鈥檚 great that we鈥檝e been able to get an agreement and can now get on with the Fiscal Framework Review and ensure fair and sustainable funding for Scotland鈥檚 future.聽
We鈥檙e continuing to work together to tackle the big issues we face as a United Kingdom, including climate change, levelling up opportunities and supporting jobs.鈥澛�
Scottish Finance Minister Kate Forbes said:聽
Today鈥檚 meeting was positive and I am glad that we are finally making some progress on the fiscal framework. I have reached an agreement in principle with the Chief Secretary to the Treasury which enables us to move without further delay towards commissioning the independent report, with the Fiscal Framework review itself beginning as close to the beginning of 2022 as possible.聽
While the report will look only at the Block Grant Adjustments, we agreed that the review should have a wider scope, and involve input from parliamentary committees and wider stakeholders.鈥澛�
皇冠体育app Chief Secretary also chaired a quadrilateral meeting that included Cabinet Secretary Kate Forbes, and finance ministers from Wales and Northern Ireland where they discussed Net Zero, creating jobs across the UK and recovering from the pandemic.