There was also discussion of the fact that this Scottish Budget was being delivered under strange circumstances, and that the Scottish government had been required to make certain assumptions about the Barnett consequentials coming to Scotland, in light of the fact that the UK budget will not be delivered until 11 March 2020. This wasn’t without its difficulties, but the budget could not be further delayed and was needed in order to inform councils and give an outl ine of the levels of spending they could come to expect for the tax year ahead.
A few areas of interest were:
• Funding to establish the Scottish Child Payment expected to help 287,000 children by 2024-2025, costing £162 million. • £361 million invested in a new and improved Social Security System, which will make approximately £3.4 billion of financial support available to people throughout Scotland • Pay rise of up to 3% for those working in the public sector who earn £80,000 and below • £494 million to support government services • 1% of GDP will be allocated to spend on tackling climate change • Teachers to receive pay increase of a minimum of 13%, meaning that the starting annual salary for a fully qualified teacher would be £32,994 • £120m for a heat transition deal and capital funding of £151m for energy efficiency infrastructure • An increase to the proportion of cash going to low carbon initiatives, with £1.8bn in capital investment • An increase of almost 60% in funding to reduce harm from alcohol and drugs • Funding of £15 billion for health and care services
The Scottish Budget document in its entirety can be located here.
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Quick Poll – the effect of the delayed UK Budget on payroll departments 10 February 2020
The CIPP is running a new Quick Poll on its News Online page, which asks payroll professionals to consider what effect the delayed UK Budget date has had on their payroll department.
The original Budget was scheduled to take place on 6 November 2019 but then a snap general election held on 12 December 2019 postponed this. We are still awaiting the details of the UK Budget, which is due to be held on 11 March 2020. This is considerably later than the dates that Budgets have been delivered on in previous years, and the CIPP is inclined to discover whether this has had a considerable impact on payroll departments up and down the country. The Chancellor of the Exchequer, currently Sajid Javid, will make his Budget statement to the House of Commons, which will outline the state of the economy and cascade the Government’s proposals for amendments to taxation. This is then debated by the House of Commons, who also dissect the Finance Bill which will enact the Chancellor’s proposals. The CIPP appreciates that payroll professionals are very busy individuals, but if you could spare a moment to answer the Quick Poll, we would really appreciate it, as the more responses we receive, the better insight we can get into the effect (if any) of the delayed budget on payroll departments.
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Sajid Javid has resigned as Chancellor of the Exchequer 14 February 2020
Following a post-Brexit cabinet reshuffle by prime minister, Boris Johnson, Sajid Javid has resigned as Chancellor of the Exchequer.
The Chartered Institute of Payroll Professionals
Payroll: need to know
cipp.org.uk
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