There is an article in the Business section of today’s Sunday Times.
Included in the article by the respected Scottish financial journalist Michael Glackin there is a piece about the Barnett Formula.
He states that due to this year’s record block grant of £41 billion from Westminster known as the Barnett Formula Scotland receives about £126 per person for every £100 per person of equivalent U.K. Government spending in England.
The article further states that last month deputy first minister John Swinney had the nerve to write to the U.K. Government chancellor Nadhim Zahawi demanding more cash from Westminster to fund more public sector pay increases in Scotland.
If I had been the U.K. Government chancellor of the Exchequer I would have told John Swinney that his Scottish government this year received 25% more block grant income under the rules of the Barnett Formula than U.K. Government spending in England and the Scottish Government should ‘cut their cloth’ accordingly.