Finance Secretary Kate Forbes speaks about Government Expenditure

Finance Secretary Kate Forbes speaks about Government Expenditure

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Social Studies, Business

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The transcript discusses the impact of COVID-19 on the Scottish economy, highlighting increased spending and decreased tax revenue. It explains Scotland's reliance on the UK Government for borrowing powers and the limitations on its fiscal autonomy. The text questions the sustainability of current constitutional arrangements and economic models, advocating for full control over Scotland's affairs. It compares Scotland's economic situation with other European countries, suggesting that Scotland could manage its finances independently.

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OPEN ENDED QUESTION

3 mins • 1 pt

What new insight or understanding did you gain from this video?

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