Lord Howell of Guildford
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Scotland: Fiscal Framework
Lord Howell of Guildford Excerpts(8 years, 11 months ago)
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Lord Dunlop
We have reordered the Bill so that the parts most relevant to the fiscal framework will be dealt with at the end of Committee. As I said at Second Reading, that gives us the time and space to reach agreement, so that this House can give the agreement full scrutiny.
Lord Howell of Guildford (Con)
Can my noble friend explain what the effect will be on the fiscal framework of the continuing slide in the price of crude oil and the likelihood that it will go down considerably further?
Lord Dunlop
Clearly, the reduction in the price of oil shows how wise the Scottish people were in their vote last September, and it underlines the key importance of pooling and sharing risks and resources across the United Kingdom. We really are stronger together.