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(1)The matters mentioned in subsection (2) must be taken into account—
(a)by the Secretary of State in preparing a UK strategy;
(b)by the Commission in considering any advice to be given to the Secretary of State, the Scottish Ministers or the relevant Northern Ireland department.
(2)Those matters are—
(a)economic circumstances and in particular the likely impact of any measure on the economy;
(b)fiscal circumstances and in particular the likely impact of any measure on taxation, public spending and public borrowing.
(3)In preparing a Scottish strategy or a Northern Ireland strategy, the Scottish Ministers or the relevant Northern Ireland department must have regard to—
(a)the resources that are or may be available to the Scottish Ministers or, as the case may be, to the Northern Ireland departments, and
(b)the effect of the implementation of the strategy on those resources.
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