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Old 18-09-2015, 10:49   #2603
Chris
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Re: Will Scotland Leave the UK?

Quote:
Originally Posted by arcimedes View Post
the Barnet formula (whatever that may be?)
A budgeting rule the Treasury uses to ensure capital spending projects aren't all concentrated in the south east of England. Planned project spending in England automatically results in a proportionately-sized pot of money being made available to Scotland, Wales and NI.

It was introduced as a temporary measure in (IIRC) the 1970s, but stuck for want of anything better.
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