What do the announcements in today’s autumn statement mean for Scotland?
The Scottish government will benefit from £394m of capital allocation as a result of spending decisions in the autumn statement, following the Chancellor’s speech today.
Other developments for Scotland included Perth and Aberdeen will be in the second wave of super-connected cities and the government is bringing forward new allowances for brownfield sites (oil) and shallow-water gas fields that will support investment and jobs.
The main developments for Scotland are:
- 21,000 people will be lifted out of income tax and 2.2 million to pay less income tax as a result of personal allowance reforms
- Cancelling the planned rise in fuel duty in January will reduce running costs for the 2.7 million motor vehicles in Scotland, saving a typical driver £40 a year
- £38 million research partnership at the University of Dundee
- Business support measures will benefit 319,000 small and medium enterprises in Scotland