The Secretary of State for Scotland, David Mundell MP, made a statement in the House of Commons on Wednesday 24 February 2016 on Scotland's fiscal framework.
Shadow Secretary of State for Scotland, Ian Murray MP, responded to the statement on behalf of the Opposition.
Shadow SNP Westminster Group Leader, Angus Robertson MP, also responded to the statement on behalf of the Scottish National Party.
House of Commons Library analysis
The House of Commons Library produces briefing papers to inform MPs and their staff of key issues. The papers contain factual information and a range of opinions on each subject, and aim to be politically impartial.
The Library has published a briefing paper on recent developments in the devolution of financial powers to the Scottish Parliament which contains more information.
About Oral statements
Oral statements are made after Question Time (or at 11am on a Friday) and after any Urgent Questions.
Statements normally relate to matters of policy or government actions. At the end of a statement, MPs can respond or question the government minister on its contents.
Watching proceedings from the public gallery
UK residents and overseas visitors can watch proceedings in the House of Commons by visiting the public gallery.
This article was produced by the Commons Digital Outreach Team. Follow @HouseofCommons on Twitter for updates on the UK House of Commons Chamber.