(10 years, 1 month ago)
Commons ChamberI suppose it depends on how broad, far and deep is one’s horizon. [Interruption.] Let me pursue that a bit more, because I want to be clear about it. Today’s motion does not seek to ride roughshod over the vow. It calls for a review of Barnett without prejudice to what would follow. I do not see how anyone on any side of the debate could possibly refuse to countenance consideration of the impact of further financial devolution on the rest of the UK. That would have to entail a review of Barnett.
There is almost a point of agreement here. In our proposals to the Smith review, we said:
“As part of any agreement, the Barnett Formula should continue to be used to determine Scotland’s resources during any transitional period”.
We are seeking full fiscal responsibility and in that event there would obviously have to be changes to Barnett.