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THERE is “no silver bullet” which will address Scotland’s annual budget shortfall in the long term, MSPs have heard.

The Scottish Fiscal Commission has warned coronavirus will have a ‘long-term scarring effect’ on the economy (PA) Sign up for our daily newsletter featuring the top stories from The Press and Journal. Thank you for signing up to The Press and Journal newsletter. Something went wrong - please try again later. Sign Up Scotland’s economy will suffer “long-term scarring” from the coronavirus pandemic, experts have warned. The Scottish Fiscal Commission (SFC) does expect the economy to “bounce back very substantially” in 2022, as vaccinations allow for lockdown restrictions to...

Professor Emeritus David Ulph CBE Contents Biography David Ulph is Professor Emeritus of Economics in the School of Economics & Finance at the University of St Andrews. Prior to that he spent five years as Chief Economist at HM Revenue & Customs, and before that he was Professor of Economics at University College London. He has a wide range of research interests including labour supply; labour markets and innovation; inequality and the design of tax and education policy; the enforcement of tax policy and of competition policy. He has advised the Department of Health on the design of...