Asked by: Frank McNally (Labour - Coatbridge and Bellshill)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of the Spending Review 2025 on Scotland.
Answered by Darren Jones - Chief Secretary to the Treasury
This Government has ensured the Spending Review delivers for Scotland. The Scottish Government is receiving an average of £50.9 billion per each year between 2026-27 and 2028-29, the largest real terms funding settlement since devolution. It also delivers on the Government’s Plan for Change in Scotland, with measures including providing development funding to advance the delivery of the Acorn carbon capture and storage project.
Asked by: Frank McNally (Labour - Coatbridge and Bellshill)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, how much funding the Scottish Government (a) has received and (b) is forecast to receive in additional Barnett Formula consequential funding as a result of income raised via the Residential Property Developer Tax.
Answered by Darren Jones - Chief Secretary to the Treasury
The Residential Property Developer Tax is a UK-wide tax. UK-wide tax revenue goes into the UK Consolidated Fund.
The Barnett formula then applies to changes in UK Government departmental budgets.
The Scottish Government receives around 25% more funding per person than equivalent UK Government spending in other parts of the UK. That translates to £8.5 billion more per year on average for the Scottish Government.
Asked by: Frank McNally (Labour - Coatbridge and Bellshill)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, how much funding the Welsh Government (a) has received and (b) is forecast to receive in additional Barnett Formula consequential funding as a result of income raised via the Residential Property Developer Tax.
Answered by Darren Jones - Chief Secretary to the Treasury
The Residential Property Developer Tax is a UK-wide tax. UK-wide tax revenue goes into the UK Consolidated Fund.
The Barnett formula then applies to changes in UK Government departmental budgets.
The Welsh Government receives around 20% more funding per person than equivalent UK Government spending in other parts of the UK. That translates to £3.5 billion more per year on average for the Welsh Government.