Stand by for cuts in the Scottish budget

I can tell you what the Scottish Budget looks like. It's just been delivered in document form to the opposition party offices at Holyrood - and it looks like about two-and-a-half inches.

More seriously, expect an emphasis upon capital spending in order to stimulate growth.

Stand by for acronyms.NPD (or Non Profit Distributing) schemes to lever in private investment while capping the return for the private sector. Funded by transferring limited cash from the revenue budget. And TIF (or Tax Increment Financing) - a system which links investment to future enhanced revenue from the business sector. It's been used in Leith already.

But stand by too for cuts. John Swinney will argue that he has no option, given the overall budget laid down by the Treasury.