Baroness Foster of Aghadrumsee
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Baroness Foster of Aghadrumsee Excerpts(2 days, 3 hours ago)
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Lord Livermore (Lab)
As always, my noble friend says it far better than I could. I nearly always agree with him, and I do so on this point in particular.
Baroness Foster of Aghadrumsee (Non-Afl)
My Lords, the Barnett formula was introduced for Scotland by a Labour Government in 1978; then it was applied to Wales and then to Northern Ireland. That is nearly 50 years ago. Surely it is time to look at a new mechanism that will reflect the modern devolved Administrations.
Lord Livermore (Lab)
I give the noble Baroness the same answer that I have given already: I do not think the Government have any such plans. The Northern Ireland Executive settlement for 2025-26 is the largest in real terms of any Northern Ireland Executive settlement since devolution. The Northern Ireland Executive will receive £18.2 billion in 2025-26.