(13 years, 5 months ago)
Commons ChamberIf the hon. Gentleman has a little patience, I shall come to what I believe is the solution.
I fear that new clause 8 and the related amendments are a little hasty in dealing with this matter.
The Barnett formula has not been in operation for the duration of the Union and only since 1978, so it is a comparatively new beast.
Yesterday, the right hon. Gentleman was speaking in the debate on the Pensions Bill where one of the arguments against the changes the Government are proposing is that the time scale to allow people to adjust their behaviour should not be less than 10 years. A similar approach should be taken to funding; there should be a process of evolution, not revolution. If we rush too hastily into the argument on the basis of misinformation, we risk splitting the Union asunder.