Derek Mackay, The Finance Secretary of Scotland, is hoping changes to his original budget could help get his budget through the Scottish parliament. The SNP minister is believed to be considering raising taxes for the wealthy in an attempt to get his budget passed through parliament, the proposals are thought to increase income tax liability for high earners in Scotland.

The finance minister however needs help from another Holyrood party to get his tax and spending budget through the Scottish Parliament. After a debate that ended in stalemate a draft budget has been released prior to the MSPs vote on the plan. Conservative and Labour parties are widely expected to go against the budget. This will mean Mackay will need to form a deal with the Lib Dems or the Greens.

Read more at the Daily Record.

Rachael Olukoju
Rachael Olukoju

Rachael is a diligent qualified accountant with audit experience and joined us from a top 15 accountancy firm. With a thirst for knowledge and personal development, Rachael continues to study towards further qualifications. She is a strong communicator who is passionate, goal-driven and leads by example. Rachael has significant experience in management and statutory accounts preparation and review alongside a strong understanding of reporting and completion against strict deadlines.