New income tax band for higher earners in Scotland

A new tax band is to be created for higher earners in Scotland, the Scottish government has announced.

The new 45% band will be introduced for people earning between £75,000 and £125,140 - meaning they will pay more tax than they currently do.

Finance Secretary Shona Robison confirmed the move as she unveiled the government's budget for next year.

The announcement means Scotland will have six income tax bands while the rest of the UK has three.

The new band is designed to help plug a £1.5bn funding shortfall alongside a series of spending cuts, but analysis by economists ahead of the announcement said it would only raise about £60m.

Ms Robison said that the budget for next year was the toughest in the history of the devolved Scottish Parliament.

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