January 29, 2021, 2:24 pm
A ‘Scotland-specific economic shock’ means the Scottish Government has been granted additional borrowing powers for the next three years (Jane Barlow/PA)
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The Scottish Government has been handed new temporary borrowing powers after economic forecasts permitted the move for the first time due to a “Scotland-specific economic shock”.
The move allows the Government to borrow a maximum of £300 million for each of the next three years.
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