r/Glasgow Tools

Title
Author	Torran_Toi
Comment	But, they don't need to raise the tax * during * the pandemic. Under Section 67 of the Scotland Act, the Scottish Gov could be taking loans from the Treasury backed by future income raised from a slightly higher, but progressive, Scottish income tax. There are multiple "untruths" the SNP like to spin just now. One being that we can't raise our own funds and that we can't borrow. It's not strictly true. Sure, they can't borrow in the traditional sense from world banks and other usual governmental sources, but there are options available to them that they refuse to look at.
Reddit Link	https://www.reddit.com/r/glasgow/comments/jqim6j/saw_this_on_way_in_to_work_couldnt_help_but_laugh/gbq1nrk/
Created	Mon 9th Nov 2020 2:59pm
Status	normal ()

But, they don't need to raise the tax * during * the pandemic. Under Section 67 of the Scotland Act, the Scottish Gov could be taking loans from the Treasury backed by future income raised from a slightly higher, but progressive, Scottish income tax.

There are multiple "untruths" the SNP like to spin just now. One being that we can't raise our own funds and that we can't borrow. It's not strictly true. Sure, they can't borrow in the traditional sense from world banks and other usual governmental sources, but there are options available to them that they refuse to look at.