Quote:
Originally Posted by arcimedes
the Barnet formula (whatever that may be?)
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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.