• Latest
  • Trending
  • All

Treasury to give Scotland £300m as tax hike compensation

November 25, 2024

Thierno Barry: Everton player on the video he was scared to post

October 15, 2026

Armed police arrest man on small Orkney island

October 15, 2026

VisionQuest fans to meet Marvel villain from Wales, with Cardiff accent

October 15, 2026

Omagh Bombing Inquiry: ‘Fair chance’ bomb may have been prevented, senior officer tells inquiry

October 15, 2026

Australian woman charged with lacing colleague’s curry with snail poison

October 15, 2026

Trump calls off livestream of Fort Hood attacker’s execution by firing squad

October 15, 2026

UK threatens visa bans for Eritrea over migrant return policy

October 15, 2026

At least 27 pupils and teacher killed after Pakistan school roof collapses

October 15, 2026

Russia accuses Ukraine of attacking oil refinery after Zelensky says strikes to resume

October 15, 2026

Brazil’s Congress approves shorter working week in win for Lula

October 15, 2026

Hundreds of IDF investigations into killings without public outcome, BBC Verify finds

October 15, 2026

US teenager appears in court over alleged Hindu temple shooting plot

October 15, 2026
News
  • Login
  • Home
  • News
  • Sports
  • Worklife
  • Travel
  • Reel
  • Future
  • More
Thursday, October 15, 2026
No Result
View All Result

NEWS

3 °c
London
8 ° Wed
9 ° Thu
11 ° Fri
13 ° Sat
  • Home
  • Video
  • World
    • All
    • Africa
    • Asia
    • Australia
    • Europe
    • Latin America
    • Middle East
    • US & Canada

    Australian woman charged with lacing colleague’s curry with snail poison

    Trump calls off livestream of Fort Hood attacker’s execution by firing squad

    UK threatens visa bans for Eritrea over migrant return policy

    At least 27 pupils and teacher killed after Pakistan school roof collapses

    Russia accuses Ukraine of attacking oil refinery after Zelensky says strikes to resume

    Brazil’s Congress approves shorter working week in win for Lula

    Hundreds of IDF investigations into killings without public outcome, BBC Verify finds

    US teenager appears in court over alleged Hindu temple shooting plot

    Sydney teen charged with murder of boy who was shot in face

  • UK
    • All
    • England
    • N. Ireland
    • Politics
    • Scotland
    • Wales

    Armed police arrest man on small Orkney island

    VisionQuest fans to meet Marvel villain from Wales, with Cardiff accent

    Omagh Bombing Inquiry: ‘Fair chance’ bomb may have been prevented, senior officer tells inquiry

    Burnham had two hospitality dinners with Man City chairman, deleted records show

    Sussex time capsule celebrates 100 years of Winnie-the-Pooh

    We are behind you and that will not change, PM tells Zelensky

    Swimmer Archie Goodburn thanks prime minister as brain cancer review announced

    Ji-sung Eom racist abuse: Millwall boss Alex Neil criticised for stoppage comments

    Waterford: Vigil held after murder of four family members

  • Business
    • All
    • Companies
    • Connected World
    • Economy
    • Entrepreneurship
    • Global Trade
    • Technology of Business

    Thousands of NI workers to get pay bump as Real Living Wage rises

    Netflix to shed 1,000 jobs in steepest cuts since 2022

    US inflation rises more than expected – here’s what is happening with prices

    Shropshire heating oil users face tough choices as prices rise

    Poundland in rescue talks as owners seek buyer

    Three things we’ve learnt about the UK economy from the IMF

    Cost-of-living struggles inspire new supermarket in Newcastle-under-Lyme

    Lego fraudster among last year’s most high-profile insurance scammers

    Healey faces £35bn Budget challenge to meet spending pledges, says think tank

  • Tech
  • Entertainment & Arts

    Meghan hits red carpet at Power of Women in Hollywood

    Margot Robbie unable to speak at Saltburn premiere

    Barbra Streisand: Siri can now pronounce my name

    Wes Anderson’s The Grand Budapest Hotel inspires cinema’s look

    Taylor Swift/ Travis Kelce romance reaches White House

    The Killers booed at Georgia concert after inviting Russian fan on stage

    Watch: Memorable moments from Parkinson's star-studded show

    Tom Jones: Neighbour surprised to find singer in flat below

    Black Country Folk Festival showcases local musicians

    Watch: Australians set new world record with Tina Turner dance

  • Science
  • Health
  • In Pictures
  • Reality Check
  • Have your say
  • More
    • Newsbeat
    • Long Reads

NEWS

No Result
View All Result
Home Business

Treasury to give Scotland £300m as tax hike compensation

November 25, 2024
in Business
3 min read
251 2
0
492
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter


The Scottish government should receive an extra £300m to cover the planned increase to employer National Insurance contributions, the BBC has learned.

Last week, Treasury officials are said to have told their counterparts in Edinburgh that they should receive in the range of between £295m and £330m extra – though the Scottish government has said the tax hike would cost them £500m.

The chancellor announced the change in the UK Budget last month to boost public service funding.

A UK government source has now told the BBC there is “hundreds of millions of pounds” heading to Holyrood.

They said: “In total Holyrood will have more than £5bn extra to spend as a result of the UK budget.

“There are no more excuses, Scots expect delivery from the SNP and to use this money to reduce NHS waiting times and raise attainment in our schools, not fill in a budget black hole created by years of financial mismanagement and waste.”

Chancellor Rachel Reeves said Scotland will receive £3.4bn in additional funding in 2025-26 when she laid out her Budget plans – though she suggested this did not include compensation for National Insurance as she urged Holyrood ministers to spend the money “wisely”.

The UK government said that extra funds would be provided on top of the £3.4bn to make up for the extra staff costs.

The Scottish government is also set to receive an additional £1.5bn for this financial year, 2024-25 – though it said this was in line with its budget expectations.

National Insurance contributions are the UK’s second-largest revenue stream behind income tax.

It is paid by workers and the self-employed on earnings and profits, and by employers on top of the wages they pay out.

This, of course, affects public sector employees who work for the Scottish government.

About 600,000 people are employed in Scotland’s public sector, making up 22% of the total workforce – compared to about 17% in the UK as a whole.

That has fuelled concerns at Holyrood that Scotland could be short changed if compensation for the National Insurance increase is not proportional to its public sector.

The Scottish Finance Secretary Shona Robison had urged the Treasury to provide what she called “clarity” on how any mitigation might work.

Speaking earlier this month, Ms Robison said: “The UK government’s employer National Insurance hike could hamper services in Scotland to the tune of around £500m – and the more we look at this announcement, the more concerned we are by it.

“With the Treasury failing to provide clarity about any mitigation process at the time of the budget’s publication, services across Scotland are feeling growing confusion and alarm at the very time where they need to be able to plan ahead.”

A Scottish government spokesperson said the Scottish Parliament had agreed the UK government should reimburse the cost of the change – “over £500m”.

They said: “This UK government policy risks hampering economic growth and damaging public services and whilst discussions with the Treasury are ongoing, we still do not have certainty ahead of the Scottish budget.”



Source link

Tags: 300mcompensationgivehikeScotlandtaxTreasury

Related Posts

Thousands of NI workers to get pay bump as Real Living Wage rises

October 15, 2026
0

About 6,000 workers in NI are paid the Real Living Wage - which is voluntarily paid to reflect the...

Netflix to shed 1,000 jobs in steepest cuts since 2022

October 14, 2026
0

Netflix has said it will cut 1,000 jobs globally as the streaming giant faces competition from rivals.The cuts -...

US inflation rises more than expected – here’s what is happening with prices

October 14, 2026
0

Inflation has risen to 3.7% in the year to September, which is a higher-than-expected increase fuelled by petrol prices.Vehicle...

  • Lee McGregor: Scot seeks world title in 2025 & Nathaniel Collins bout

    680 shares
    Share 272 Tweet 170
  • Belgian footballer arrested in cocaine investigation

    535 shares
    Share 214 Tweet 134
  • Next to raise prices to help pay for rising wage costs

    534 shares
    Share 214 Tweet 134
  • South Wales Police officers injured, one arrested

    526 shares
    Share 210 Tweet 132
  • ‘It stirred the people to breathless wonder and scalding abuse’: The tumultuous history of the Sydney Opera House

    521 shares
    Share 208 Tweet 130
  • Trending
  • Comments
  • Latest

Lee McGregor: Scot seeks world title in 2025 & Nathaniel Collins bout

January 16, 2025

Belgian footballer arrested in cocaine investigation

January 27, 2025

Next to raise prices to help pay for rising wage costs

January 7, 2025

World Cup 2022: TikTok brings football fever to millions of fans

0

UK economy will get worse before it gets better, warns chancellor

0

One of Central America’s most active volcanoes erupts again

0

Thierno Barry: Everton player on the video he was scared to post

October 15, 2026

Armed police arrest man on small Orkney island

October 15, 2026

VisionQuest fans to meet Marvel villain from Wales, with Cardiff accent

October 15, 2026

Categories

Newsbeat

Thierno Barry: Everton player on the video he was scared to post

October 15, 2026
0

Last season he made 41 appearances and scored just eight goals. This season he's already scored six. "People can...

Read more

Armed police arrest man on small Orkney island

October 15, 2026
News

© 2023 GODJ - NEWS CORP - news.godj.com.

Explore NEWS.GODJ.COM

  • Home
  • News
  • Sports
  • Worklife
  • Travel
  • Reel
  • Future
  • More

Follow Us

  • Home Main
  • Video
  • World
  • Top News
  • Business
  • Sport
  • Tech
  • UK
  • In Pictures
  • Health
  • Reality Check
  • Science
  • Entertainment & Arts
  • Login

© 2023 GODJ - NEWS CORP - news.godj.com.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.