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Scotland, like the rest of the UK, will benefit from the decisions set out in today’s Autumn Statement, as the UK government builds an economy that works for all.
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.
Monetary policy has played an important role in supporting growth since the Referendum decision. But a credible fiscal policy remains essential for maintaining market confidence and restoring the economy to long term health.
It is a privilege to report today on an economy which the IMF predicts will be the fastest growing major advanced economy in the world this year.
Further measures in today’s consultation include requiring banks to publish rates for small and medium-sized enterprise (SME) lending products and to develop tools to allow for easier comparison of SME banking products.
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