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Autumn Statement delivers for Scotland

December 5, 2012 1:26 PM
Originally published by Scottish Liberal Democrats

The UK Government's action to protect the economy and growth will today help a range of people and sectors across Scotland, including a multi-million pound boost for capital spending.

The Secretary of State for Scotland Michael Moore said:

"Against a difficult economic backdrop, we are taking the targeted measures we can afford to get Scotland's economy moving.

"There is a good deal of specific, positive news for Scotland.

"The Scottish Government will receive more than £300 million of new money - in addition to the £1 billion it has already received since the Spending Review - all of which it can invest in shovel-ready projects.

"Our 2.7 million vehicle owners - particularly those in rural Scotland - will benefit from the decision to cancel the January fuel duty rise.

"And an additional 21,000 low income Scots will be taken out of tax altogether next April, bringing the number in Scotland to 183,000 in total, with around two million more receiving an income tax cut. Fairer taxes are essential at this time of economic strain, and that is what we are delivering."

"Business will also benefit, whether from the Annual Investment Allowance increase, a reduction in corporation tax or new allowances for the North Sea oil and gas fields. The news that Perth and Aberdeen are to benefit from UK Government funding for broadband will also help prepare Scotland for the challenges ahead.

"The Autumn Statement makes clear we are on the right track in terms of borrowing and deficit reduction, despite the troubles on our doorstep in the eurozone. The UK Government will continue to take the right decision for our economy, allowing Scotland and the rest of the UK to compete and grow. "