The Scottish government has unveiled a new financial strategy.
The Medium-Term Financial Strategy outlines the approach to ensuring Scotland’s finances are on a sustainable footing.
One of the stated aims is to support businesses to raise productivity by “adopting proven technology tools and management approaches that could help boost productivity in the service sectors, like hospitality and retail”.
In addition, the Scottish government intends to:
- Hold public engagement on its approach to Non-Domestic Rates alongside the New Deal for Scottish Business.
- Refresh the Framework for Tax and launch an updated version in 2024.
- Support entrepreneurs, start-ups and scale-ups.
Deputy First Minister Shona Robison said: “We will generate economic growth, supporting businesses to invest and create new jobs while increasing tax revenues to invest in better public services. And we will continue to build the most progressive tax system in the UK, ensuring the burden of taxation is placed on those with the broadest shoulders.
“There can be no escaping the difficult choices ahead, but by following the plan outlined today we can provide a more prosperous and fairer future for the people of Scotland.”
