Sneaked out late on a Friday, their consultation about the SFT has been ripped to shreds by all an sundry... no, not their political opponents but experts in the field.
Some comments include
- Universities Scotland said the plan is so short on detail that it could barely comment on it.
- Audit Scotland warned of "competing challenges and constraints" which would various risks and raised concern that SFT’s may break accounting rules.
- The Chartered Institute of Public Finance Accountants said “our view is that the SFT will cost more. We fail to see how, as claimed in paragraph 2.1 of the consultation document, that the SFT will provide opportunities for securing cheaper funding costs." and went on go say said there is so little detail in the plan that it can only point out the gaps.
- COSLA warned a change in the Scotland Act would be required as it cannot issue bonds as the SFT plan suggests,
I await their apology to the Scottish people with anticipation but not breath held...