The Scottish budget must prioritise economic growth
Rachel Reeves’s Budget, announced on Wednesday this week, signalled a significant fiscal policy change. In it was a major shift in strategic direction on public investment, and a big early push on spending, especially on health and education. Two points are worth noting regarding government spending compared to this year’s spring Budget plans under the previous Conservative government. First, the Chancellor listened to the advice of many economists who urged her to modify the fiscal rules to avoid a bias against public investment in the previous debt regulation.
