Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what the Barnett consequentials will be for Scotland from the five annual instalments under Article 145 UK-EU trade deal.
Under Article 145 of the UK-EU trade deal, the EU will make five payments to the UK in relation to the net assets of the European Coal and Steel Community.
As set out in the Statement of Funding Policy, the Barnett formula applies to changes in UK Government spending rather than to changes in UK Government revenue.
Scotland will benefit from future UK Government spending funded by these revenues, either through the Barnett formula or through UK-wide schemes.