Ian Davidson
Main Page: Ian Davidson (Labour (Co-op) - Glasgow South West)Department Debates - View all Ian Davidson's debates with the Cabinet Office
(9 years, 7 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Mr Carmichael
One of the express elements in the vow that was delivered to the people of Scotland was an assurance that there would be no change in the Barnett formula. I should add, however, that once we have delivered the extra tax-raising powers that I believe will go to the Scottish Parliament, the formula will obviously account for a lesser proportion of the Scottish Government’s income than is currently the case.
Mr Ian Davidson (Glasgow South West) (Lab/Co-op)
Does the Secretary of State accept that if fundraising powers such as the power to tax income are transferred to the Scottish Parliament to a greater extent, adjustments will have to be made to the Barnett formula to take account of fluctuations, just as account will have to be taken of fluctuations in the oil price?
Mr Carmichael
Adjustments will certainly have to be made to the way in which the Barnett formula operates in detail. That is already being undertaken by Treasury officials and Ministers in relation to the powers that are going to Scotland under the Scotland Act 2012.