Magazine article Public Finance

In Brief

Magazine article Public Finance

In Brief

Article excerpt

DEVOLUTION AND TAXES

Stamp duty 'ripe for reform'

The Welsh Government has urged Westminster to devolve stamp duty land tax to Cardiff, after a consultation on how this could be done. Finance Minister Jane Hutt said she was pleased the Treasury had moved quickly to get the exercise under way, following a recommendation by the Silk Commission on devolution last November. The consultation is seeking views on the impact devolution would have on the construction industry and housing market. Hutt said the tax was 'ripe for reform'. She added: 'We are keen to build on the discussions we have already had with stakeholders in Wales about the ways in which we can make it fairer and simpler, and use it to help boost jobs and growth.'

THE FUTURE'S BRIGHT

SFT saves Scotland £0.5bn

The Scottish Futures Trust, set up by ministers to develop innovative approaches to funding capital projects, has recorded its fourth successive year of increased savings and other benefits to the public purse in Scotland. …

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