Cumulative cuts will take place over course of parliament,but capital budget for long-term projects is to increase by 14%Nicola Sturgeon faces tough choices on spending, after the chancellor imposed a 5% sever in Holyrood’s budget over the next five years, and just as Scottish tax receipts are expected to decline sharply.
The first minister’s current budget will be sever by a cumulative 5% over the course of this parliament as piece of George Osborne’s austerity plans – though the capital budget for longer-term projects will increase by 14% in cash terms. Related: George Osborne taps £27bn windfall for tax credits U-turn Continue reading...
Source: theguardian.com