Question to the HM Treasury:

To ask His Majesty's Government what assessment they have made of the method for calculating financial support for the Northern Ireland Executive; and what consideration they have given to making changes to ensure equitable distribution of UK resources.

In the 2024 Northern Ireland Executive restoration financial package worth over £3.3 billion, the UK Government has committed to implement a 24% needs-based factor into the Barnett formula for the Northern Ireland Executive from 2024-25 onwards. The UK Government has no plans to replace the Barnett Formula. It is simple, efficient and provides a clear and certain outcome, which is why it has stood the test of time.