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What the UK Budget will mean for Scotland

Interestingly, Scottish Labour leader Anas Sarwar has specifically called for a package of measures to reduce energy costs, which would be an odd thing to do unless he is confident that will happen.

If it does, that is likely to be an action that would apply equally across the UK, as will much of the budget.

If there are changes to the taxes on tobacco or beer, wine and spirits these will affect smokers and drinkers wherever they live.

The same would apply if there was any change to fuel duty or if a new pay-per-mile charge for electric vehicle users was introduced.

On the spending side, the prospect of an above inflation rise in state pensions would apply to qualifying retirees in all corners of the UK.

Then there are those UK-wide measures that have a particularly strong impact in Scotland.

For example, the Conservatives have called for the energy profits levy applied to oil and gas producers to be scrapped. That’s a change Reform UK has also campaigned for.

As this industry is highly concentrated in the north-east of Scotland, any decision would have particular resonance there, where the decline in fossil fuel extraction is costing jobs.

The levy was brought in by the Tories and maintained by the Labour government. It’s due to end in 2030 unless UK ministers decide to make a change.

Having supported its introduction, the SNP now wants to see this tax removed. That would not, of course, help Rachel Reeves close the gap in UK finances.

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