UK Trade with EU: Scotland

(asked on 8th February 2021) - View Source

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.


Answered by
Steve Barclay Portrait
Steve Barclay
Secretary of State for Environment, Food and Rural Affairs
This question was answered on 11th February 2021

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.

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