SRC: Need for a 'rounded debate' on changes to Scottish Income Tax
Thursday 2 November 2017
Responding to the Scottish Government’s options paper on changes to Scottish income tax, David Lonsdale, Director of the Scottish Retail Consortium, said:
“We wholeheartedly agree that there needs to be a far more informed and rounded debate on the implications of changes to Scottish income tax, particularly what it might mean for consumers and for the economy. Many workers are already contending with rising inflation, higher council tax and pension contributions, causing them to carefully consider what purchases they can afford. Household finances are under strain and many now face higher borrowing costs given the rise in interest rates.
“A quarter of a million Scots rely on the retail industry for their employment - with many more in other consumer-facing industries - and with retail sales lacklustre and consumer spending being squeezed, MSPs ought to be wary about heaping further pressure onto household finances.”