THE SNP Scottish government’s “buy now pay later” approach to budgeting has dug a £1 billion black hole in its finances, according to Scottish Labour.

Labour MP John Grady will use a Westminster Hall debate today to condemn the “mess the Tories and the SNP made of our economy.”

The debate comes just days after Scotland’s Auditor General Stephen Boyle branded the country’s public-sector finances “unsustainable” and urged the Scottish government to “move beyond making short-term savings to balance its budget.”

Speaking ahead of the debate, Mr Grady said: “Our public services are facing cuts because of the SNP’s buy now, pay later policies and we have lost out as good industrial jobs have gone overseas.

“Labour will start the process of delivering the economic growth Scotland needs with an industrial strategy, GB Energy headquartered in Aberdeen, our National Wealth Fund to create jobs and the biggest upgrade in workers’ rights in a generation, which will make work pay, give working people more security, reduce recruitment costs for employers and level the playing field on enforcement.”