UK's Economic Strategy: Boosts, Bets, and Budget Boosts
The UK Treasury's spending review will increase Holyrood's budget by an average of £2.9bn annually, with specific investments in projects like carbon capture and a supercomputer at Edinburgh University. Scotland's Finance Secretary criticizes the increase as insufficient, claiming the Scottish government has been short-changed by over £1bn. The review also includes significant defense spending, including funding for the Faslane submarine base and munitions, alongside investments in technology and infrastructure. Overall, the review signals increased UK-wide investment but highlights ongoing disputes over Scotland's share of funding.