The Joint Exchequer Committee met on Monday (7 December 2015), chaired by the Chief Secretary to the Treasury, Rt Hon Greg Hands MP. The Scottish government was represented by John Swinney MSP, Deputy First Minister and Cabinet Secretary for Finance, Constitution and Economy. Both ministers reaffirmed their commitment to reach an agreement.
This was the fifth meeting of the JEC since the publication of the Smith Commission report. Ministers continued detailed discussions on the substantive elements of the fiscal framework that will underpin the financial provisions of the Scotland Bill. Ministers noted the progress made since they last met and the interest taken by both the UK and Scottish Parliaments.