E3: Scotland's Money; The TRUTH Revealed - Part 1

#money #scotland #economy #growth  #public #finance #barnett #fiscal  #tax #revenue #spending #educateyourself #educate #business #investment  _____ Where does Scotland’s money come from, and why should you care? Part 1! In this episode of Public Knowledge, Professor Mairi Spowage gives us the answers! Speaking with Sepi Golzari-Munro in part 1 of a two part interview, she reveals the truth about the money that flows into the Scottish Government's coffers, the famous Barnett Formula and the link between economic growth and public services. They explore the impact of tax on individual behaviour as well as business investment and where Scotland might need more money per person, than the rest of the UK. If you’re curious about how taxes, government funding, and policies shape your everyday life, this episode is for you! _____ Timecodes 00:00 Introduction 02:30 Why care about Public Finances?  05:30 Public Finances Health Check 07:20 Sources of Scotland's Public Finances 09:58 Income Tax in Scotland 11:12 Penny Wise; Pound Foolish? 14:19 Tax: Impact on Investment & Growth? 16:03 Mythbusting - No Growth/De-Growth 17:48 Direct Link: Growth & Public Services 19:08 'FISCAL' : WTF does it mean?! 20:19 Barnett Formula: History & Operation _____ Mairi Spowage is a Professor of Practice and Director of the Fraser of Allander Institute. Her areas of expertise include economic policy, economic statistics, national accounting, public sector finances, and economic and fiscal forecasting. She is regularly asked to give evidence on economic and fiscal matters at Parliamentary Committees, such as the Finance and Constitution Committee and the Economy, Jobs and Fair Work Committee.  Previously, Mairi was the Deputy Chief Executive of the Scottish Fiscal Commission and the Head of National Accounts at the Scottish Government, and has over 15 years of experience working in different areas of statistics and analysis, including transport, household surveys and performance measurement. More information about Mairi and her work can be found at: https://pureportal.strath.ac.uk/en/persons/mairi-spowage _____ Instagram: https://www.instagram.com/public_knowledge_pod TikTok: https://www.tiktok.com/@public_knowledge_pod?_t=8sIhMOiLosj&_r=1 Bluesky: https://bsky.app/profile/publicknowledgepod.bsky.social Linkedin: https://www.linkedin.com/company/public-knowledge-pod/about