GOV.UK Lorem

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I strongly welcome the Chancellor’s Autumn Statement today which takes forward this government’s commitment to build an economy that works for everyone, in Northern Ireland and the whole of our United Kingdom.

But we recognise that more needs to be done to help families make ends meet and to ensure every household has opportunities to prosper.

The UK Government’s decision to focus on infrastructure spending means that the Scottish Government’s budget will increase by more than £800 million through to 2020-21, giving it even greater spending power to boost productivity and promote growth in Scotland, all while supported by the broad shoulders of the UK.

For pensions that have been drawn-down, I will also reduce to £4,000 the Money Purchase Annual Allowance, to prevent inappropriate double tax relief.

Additionally, the government will meet its manifesto commitment to increase the personal allowance to £12,500. Over the last Parliament, 2.4 million individuals in Scotland saw an average gain of £517, due to an increase to the personal allowance.

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