A penny for education
We will transform Scottish education in the next five years using the proceeds of 1p on each rate of income tax.
We will index the Higher Rate threshold with inflation.
If the opportunity arises to offer future income tax cuts our priority will be to increase the starting point for income tax in Scotland by creating a new zero-rate band, rather than make tax cuts for the well-paid through a more rapid increase in the Higher Rate threshold.
We will ask the Scottish Fiscal Commission to carry out the detailed work to assess when this can be done.
Our commitment to a Penny for Education will pay for our commitments on early years education, the Pupil Premium and colleges and students.
The Penny for Education will also be used to end local authority cuts to education services wherever possible.