Fiscal Policy

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“Flaw” in Barnett formula protects Scotland and Northern Ireland from hundreds of millions of cuts

At present, the devolved governments in Scotland, Wales and Northern Ireland get most of their money in the form of a block grant from the UK Treasury. How this grant changes from year-to-year is largely determined by the Barnett formula – which aims at providing the same pounds-per-person change in funding for the devolved governments as is the case in England.

Professor Kirstein Rummery discusses the opportunity provided to Scotland when on the 9th Oct the Finance Cabinet Secretary John Swinney delivered the 2015-16 budget to the Scottish Parliament. For the first time since 1707, Scotland had the opportunity to start raising its own taxes.  A chance for the Secretary to start flexing his muscles and demonstrate would Scotland could do to achieve its goal of a fairer, more prosperous society ahead of the Smith Commission’s recommendations for further devolved powers.

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Scotland 2014: The Budget

Professor Kirstein Rummery and Professor David Bell discuss the implications of the 2014 budget presented to the Scottish Parliament by John Swinney MSP, The Cabinet Secretary for Finance on the 9th October. Click here  to watch video on BBC iPlayer. 

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