Worth another read:
https://www.instituteforgovernment.o...arnett-formula
Thanks for that, very interesting. Sort of dispels the myths and fables that are frequently used.
The formula as written seems very generous especially as any national increase in the grant to devolved countries is not required to be used in the same sector as the one that gave rise to the figures, but in other areas of expenditure that are naturally a different priority for the receiving country. I can’t think of anything more equitable or innovative.
In fact it’s skewed in favour of the receiving country. There is no necessity to use the grant for the services and costs that gave rise (in England) to the figures. That’s truly independence, and is a mile away from what happens over the channel.
Further, it can highlight the use/misuse of funds in quite a nifty way. It pointedly increases focus on devolved governments' performance. In this case and with due regard for legendary and sound fiscal matters in Scotland, the spotlight might not be welcomed in all quarters.
The Union works and works very well financially for all concerned but is wrongly being held responsible for internal inadequacies.