Derek Mackay hit by near £1 billion black hole in Scots tax take
Scotland faced a near £1 billion black hole in its tax revenues in the first year after Holyrood took control of sweeping new financial powers, it has emerged.
The country had lower economic growth than the rest of the UK, which resulted in a £940 million shortfall in the expected tax take in 2017/18, official figures today reveal.
Scotland's Finance Secretary Derek Mackay insists that tax revenues in Scotland are on the rise and that the country has a "more progressive" system.
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