Scotland may revise tax plans if UK raises income tax, warning £1B loss under current rules.

Scotland’s Finance Secretary Shona Robison said she may reconsider tax plans if the UK Budget on November 26 raises income tax, warning a 2p increase could cost Scotland £1 billion due to the fiscal framework’s inability to handle simultaneous tax and national insurance changes. She called for an urgent meeting with Chancellor Rachel Reeves, urging a shift from rigid fiscal rules to investment in growth and cost-of-living support, while reaffirming a commitment to tax stability until the end of the parliamentary term. The UK Treasury countered that Scotland is receiving record per capita funding and major investments in energy, technology, and regional growth, attributing this to fiscal discipline.