Scottish Finance Secretary Shona Robison has insisted they are “not settling for £300 million” in compensation offered by the British government to cover increased National Insurance (NI) costs.

The Scottish government estimates the increase in employers’ NI contributions in October’s UK Budget could leave it will a bill topping £500m, eating into the additional £3.4 billion it delivered to Scottish coffers.

Reports suggest the British government could offer £295-£330m to cover the bill but, as negotiations continue, Ms Robison told BBC Radio Scotland: “We are not settling for £300m.