Scottish deputy first minister Shona Robison has announced the 2024-25 Scottish budget regarding personal income tax and has ‘built on our values setting out in tough times to protect people and grow a sustainable economy’.

Robison stated how ‘beholden they are to Westminster austerity’. She continued saying they had no say in the budget regarding ‘corporation tax, no powers to mandate the real living wage for all, no ability to consider wind fall levies on excess profits and no options on wealth tax like capital gains tax’ finishing with ‘lass months Autumn Statement was the worst-case scenario for Scotland.’

Additionally, there will be a new tax band added to the Scottish tax system. Robison said: ‘We will therefore be adding a new income tax band to the Scottish system, the Advanced Rate, which will be set at 45% and will be set on incomes between £75,000 and £125,140.’ She continued saying, ‘In addition, I’ll also increase the top rate by 1% to 48%’.

The Scott